President Donald Trump signed the law on genius, one day after adopted the House during a 306-122 vote.
The bill marks the The very first federal right of American federal cryptocreating strict rules for Stable transmitters– including complete reserves 1: 1, regular audits and recording with federal or state regulators.
Friday morning, Trump signed the bill during a closed -door session. While celebrating the victory, he joked journalists jokingly: “It’s called the Genius Act. I think it bears his name. “
Crypto czar David SacksWho played a central role in the last -minute negotiations, said that the bill was “died” earlier this week – until “we had a secret weapon, a transaction contrasting as a commander -in -chief”, referring to Trump’s intervention.
Despite the bipartite support for the bill, some harsh line republicans remain opposed.
Representative Marjorie Taylor Greene published on X (formerly Twitter), warning:
“The congress today adopts a bill (Genius Act) which opens the rear door to a digital currency of the central bank (CBDC) … The Fed has been working for years … The ultimate objective is to move to a company without species.”
She criticized the Republicans of the House for having succeeded in a genius without obtaining support for the Senate for an official ban on the CBDC. This separate bill – the Anti-CBDC act– He has not yet managed to erase the Senate.
Genius supporters support the bill explicitly prohibit algorithmic ecunines And Requires complete dollars reservesOffering a safe framework for regulated digital dollars – not controlled by the government.
With the signing of Trump, the law on engineering becomes the law immediately. American regulators now have to 2026 To write implementation rules for licenses and the application of stablescoin.
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