Hold Onto Your Digital Wallets: U.S. Lawmakers Just Rewritten Crypto Rules
In a move that could reshape the future of digital money, the U.S. House of Representatives passed the GENIUS Act on Thursday—a first-of-its-kind federal bill to regulate stablecoins. Think of it as the "Rulebook 2.0" for crypto’s safest bet: dollar-pegged digital currencies. 💸
The bill sailed through with rare bipartisan support (308-122!), proving even divided politicians agree on one thing: crypto needs guardrails. President Trump, a vocal backer, is expected to sign it into law faster than you can say "HODL."
But Wait, There’s More…
Lawmakers didn’t stop there. They also approved two other crypto bills: one setting rules for exchanges (like a crypto FTC) and another banning government-issued digital currencies (✋🏼 no CBDCs here!). But these face a Senate showdown—so don’t pop the confetti yet. 🎉➡️❓
Why care? Stablecoins power everything from meme coin trades to cross-border payments. This law could make them safer… or stifle innovation. Crypto Twitter’s already split. Where do you stand? 🤔
