Trump’s GENIUS Act: A New Framework for Stablecoin Regulation

At his first press conference, David Sacks, President Trump’s newly appointed crypto and AI czar, unveiled the GENIUS Act, a bill designed to bring regulatory clarity to stablecoins. The proposed law creates specific issuance standards to decide which regulatory body will supervise stablecoin issuers depending on their market value. Sacks emphasized that innovation is the key to American... source: https://www.coingabbar.com/en/crypto-currency-news/trumps-genius-act-aims-to-resolve-sec-vs-cftc-dispute