INSUBCONTINENT EXCLUSIVE:
US President Donald Trump signed one of the first bills related to crypto and blockchain of his administration into law on Friday after
delays due to debates in the House of Representatives and Senate.In a Friday signing ceremony attended by many cryptocurrency company
executives and high-ranking Republicans, including Vice President JD Vance and House Speaker Mike Johnson, Trump signed the Guiding and
Establishing National Innovation for US Stablecoins (GENIUS) Act into law
The president acknowledged the support of several crypto figures in attendance, including Kraken co-CEO David Ripley, Gemini co-founders
Cameron and Tyler Winklevoss, Coinbase CEO Brian Armstrong, Circle CEO Jeremy Allaire, Tether CEO Paolo Ardoino and Robinhood CEO Vladimir
remarks.Donald Trump signed the GENIUS Act on Friday
Source: Associated PressSEC leaders weigh in on stablecoinsUS Securities and Exchange Commission (SEC) Chair Paul Atkins said in a statement
were fully backed by physical fiat reserves or short-term, low-risk, highly liquid instruments and redeemable at a 1:1 ratio for US
The former SEC chair resigned in January on the day Trump took office
The president also used his platform to summarize initiatives introduced since January in response to demands from the crypto industry,
including pardoning Silk Road founder Ross Ulbricht, establishing a national Bitcoin (BTC) reserve, and nominating Paul Atkins to head the
week one wraps with bill signing as two others move to the SenateThe GENIUS Act was the first of three bills Republicans said they expected
Clarity (CLARITY) Act and the Anti-CBDC Surveillance State Act with bipartisan support
Both bills will go to the Senate for consideration.Some Senate Democrats are expected to raise objections over the two bills over claims
that Trump would personally benefit from their passage
The president has a stake in his family-backed crypto business, World Liberty Financial, launched his personal memecoin before taking
office, and had many cryptocurrency executives backing his presidential campaign, some of whom attended the Friday signing.Despite the
pushback from some lawmakers, 78 House Democrats voted in support of the CLARITY Act and more than 100 for the GENIUS Act
Only two Democrats in the House voted yay on the anti-CBDC bill, suggesting it may be the most vulnerable when it comes time to vote in the
