Advocates hope House bills will bring decentralised currency into US mainstream as Trump pushes ‘crypto week’.
The US House has passed three cryptocurrency bills, including the GENIUS Act, which sets protections for stablecoins, amid Trump’s “crypto week” initiative to establish the US as a crypto leader. Critics, including Democrats, have raised concerns about potential conflicts of interest with Trump’s family investments in crypto, arguing the legislation may enable corporate cryptocurrencies while lacking adequate regulatory safeguards.
Explain It To Me Like I’m 5: The U.S. House of Representatives passed three important laws about cryptocurrency, which are part of President Trump’s plan to make America a leader in digital money, but some people are worried about how these changes could help the Trump family and make things less safe for everyone.
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