#genius-act

#genius-act

One of crypto's largest, and most controversial, companies is coming to the U.S. On Friday, at an event hosted at a spy museum in New York City, the stablecoin issuer Tether announced that it was launching a U.S. stablecoin called USAT, a stunning reversal for an operation that just last year appeared to be in the crosshairs of U.S. law enforcement officials.

Greene stated that the Genius Act would give government control over personal finances. She warned this could lead to a loss of freedom, advocating for awareness among the public.

"I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and, after a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule," Trump wrote in a post on Truth Social.

Last week, the Senate voted through the GENIUS Act, facilitating the growth of digital currency and giving it legitimacy, marking a historic victory for the crypto lobby.