Trump signs GENIUS Act banning yield-generating stablecoins; implications for the $250 billion market.
What to Know:
- Trump signs the GENIUS Act impacting yield-bearing stablecoins.
- New U.S. regulations target $250 billion stablecoin market.
- Uncertain effects on stablecoin providers and associated tokens.
President Donald Trump signed the GENIUS Act, banning yield-generating stablecoins, in Washington, D.C., impacting the U.S. stablecoin market.
The Act introduces new regulations affecting stablecoins with yield mechanisms, impacting key assets and driving market speculation.
Trump Enacts GENIUS Act Amid Regulatory Focus
“The law brings much-needed clarity to how stablecoins can be offered, traded, and supervised, with a specific focus on protecting consumers from unregulated yield-generation mechanisms in stablecoins.” — Bo Hines, Executive Director, President’s Council of Advisers on Digital Assets
Market Shake-Up: Impact on $250 Billion Stablecoin Sector
Lessons from Past SEC Actions on Market Behavior
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