Trump’s Genius Act

Biodigital convergence is on way.

"President Trump signed a landmark bill to regulate cryptocurrency on Friday, hailing the "exciting new frontier" for the technology one day after the bill passed the House."

"The legislation, called the GENIUS Act, is the first major law governing digital currency, and establishes a regulatory framework for the $250 billion stablecoin market. Stablecoins are viewed as a relatively safe type of cryptocurrency since their value is pegged to other assets, like the dollar. The bill passed the House on Thursday with the support of 206 Republicans and 102 Democrats."

""We worked hard. It’s a very important act, the GENIUS Act. They named it after me," the president joked in the East Room of the White House. "I want to thank you. This is a hell of an act.""