Brian Armstrong expressed unprecedented optimism about the Digital Asset Market Clarity Act passing after witnessing strong bipartisan Congressional support. The legislation aims to clarify regulatory roles between SEC, CFTC, and other agencies overseeing cryptocurrency markets.
President Trump signed the GENIUS Act into law, establishing the first federal framework for dollar-backed stablecoins and marking a major victory for the crypto industry. The legislation is expected to drive widespread adoption and encourage traditional banks to enter the stablecoin market.
The US Senate has approved the GENIUS Act with bipartisan support, establishing the first federal regulatory framework for stablecoins. The bill now moves to the House before potentially reaching President Trump’s desk for final approval.
