On the afternoon of July 18th (Friday), US President Trump (Trump) will sign the “Guiding and Establishing National Innovation for U.S. Stablecoins Act,” also known as the “GENIUS Act,” which stands for “Great Economic National Innovation Underwriting System.” This bill aims to regulate stablecoins and promote innovation in the field. New Tang Dynasty and Epoch Times will be live streaming the event with real-time translation subtitles.
The signing of this legislation marks a significant step towards maintaining stability in the cryptocurrency market and ensuring the integrity of digital assets. It demonstrates the US government’s commitment to fostering innovation and responsible growth in the fintech sector.
The GENIUS Act is expected to establish clear guidelines for the issuance and operation of stablecoins within the United States. By providing a regulatory framework, the legislation aims to enhance consumer protection, prevent fraud, and promote transparency in the use of stablecoins.
The live streams of the signing ceremony can be accessed through the following links:
Epoch Times:
New Tang Dynasty:
Clean World:
https://www.ganjingworld.com/live/1hq6vh0ciaa1y9UPErItZk75p1sh1c
This event is expected to draw attention from investors, policymakers, and market participants globally, as the US takes a crucial step towards regulating the rapidly evolving cryptocurrency landscape. Stay tuned for live coverage and expert analysis on this groundbreaking legislative development.
As the world watches the impact of the GENIUS Act unfold, it is clear that the US government is positioning itself as a leader in driving innovation and ensuring the stability of digital financial systems. The enactment of this legislation will set a precedent for other countries to follow suit in regulating the growing cryptocurrency market.