Trump, GENIUS Act and crypto
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Ardoino's appearance at the White House and direct thanks from the president ... In the minutes before passing the GENIUS Act, the House of Representatives also voted 294-134 to send its market structure legislation known as the Digital Asset Market ...
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President Donald Trump is signing the GENIUS Act, which will regulate cryptocurrency, on Friday at around 2:30 p.m.
The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.
Here are some of the latest stories Wall Street is watching on Friday, July 18. Federal Reserve Chair Jerome Powell is defending the Fed’s $2.5 billion headquarters renovation amid criticism from the White House.