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"Crypto week" in Congress.


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On Friday, President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the United States’s first major cryptocurrency legislation. The new law establishes a legal category and regulatory framework for stablecoins, a type of cryptocurrency whose value is tied to a reference asset, like the price of gold or the U.S. dollar. As a result, banks, nonbanks, and credit unions will be able to participate in the stablecoin market and issue their own digital currencies. At a signing ceremony on Friday, President Donald Trump said the bill “creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins. This could have been perhaps the greatest revolution in financial technology since the birth of the Internet.”



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Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.


This podcast was written by: Isaac Saul and edited and engineered by Dewey Thomas. Music for the podcast was produced by Diet 75.


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