US House passes ‘Genius Act’ crypto regulation bill, sending it to Trump - South China Morning Post

The US House of Representatives connected Thursday passed a measure to make a regulatory model for US-dollar-pegged cryptocurrency tokens known arsenic stablecoins, sending the measure to President Donald Trump, who is expected to motion it into law. The ballot marks a watershed infinitesimal for the integer plus industry, which has been pushing for national authorities for years and poured wealth into past year’s elections successful bid to beforehand pro-crypto candidates. House lawmakers besides passed a measure processing a...