On July 18, 2025, President Donald Trump signed the Genius Act, establishing federal regulations for stablecoins at a ceremony in the White House, humorously noting the bill was named after him. While avoiding questions about the escalating Jeffrey Epstein controversy, the Justice Department sought to unseal grand jury testimony related to Epstein and his associate Ghislaine Maxwell, amid ongoing scrutiny and conflicting statements from officials.
Explain It To Me Like I’m 5: On July 18, 2025, President Donald Trump signed the Genius Act at the White House, creating new rules for stablecoins while avoiding questions about the Jeffrey Epstein controversy.
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