INSUBCONTINENT EXCLUSIVE:
scheduled for 6:30 pm UTC.Update (July 18 at 5:33 pm UTC): This article has been updated to include a statement from Sergey Nazarov.Several
signs a stablecoin bill into law on Friday.After delays that looked like they could derail votes on the bills this week, members of the US
House of Representatives passed three pieces of crypto legislation on Thursday: the Guiding and Establishing National Innovation for US
Stablecoins (GENIUS) Act, the Digital Asset Market Clarity (CLARITY) Act and the Anti-CBDC Surveillance State Act
shared on social media or with Cointelegraph, Ripple Chief Legal Officer Stu Alderoty, Circle CEO Jeremy Allaire, Chainlink Labs co-founder
Sergey Nazarov, Anchorage Digital CEO Nathan McCauley, and Multicoin Capital Managing Partner Kyle Samani said they would attend the GENIUS
Act signing event on Friday
The event is expected to include other crypto executives friendly with the administration, possibly those with World Liberty Financial, the
Trump family-backed business that issued its own stablecoin under scrutiny from lawmakers.The stablecoin bill is expected to go into effect
in 18 months or 120 days after the US Treasury and Federal Reserve finalize regulations, likely after the US holds its midterm elections and
The timing suggested that any effects from the bill, positive or negative, would be less likely to be used as a campaign issue for 2026
Cointelegraph reached out to representatives from Tether, Binance, Kraken, Gemini and World Liberty Financial regarding their potential
However, the CLARITY Act and Anti-CBDC Surveillance State Act were introduced in the House, meaning that both bills have to go through the
claims that Trump would personally benefit from their passage due to his investments in World Liberty Financial and his own memecoin
passage of the GENIUS Act on social media.Votes on the CLARTY and CBDC bills in the House suggested that the Republican-led bills could face
similar challenges from Senate Democrats
More than 70 Democrats sided with Republicans to pass the CLARITY Act, but only two voted yay on the anti-CBDC bill, which largely passed
