Genius Act, Trump and stablecoin
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Trump signs GENIUS Act into law after tumultuous crypto week as Bitcoin maintains $119K support with flag pattern targeting $181K breakout.
House Republicans promoted this week as the latest step for the U.S. to become the “crypto capital of the world.”
Bitcoin just broke through $123,000, setting a new all-time high. Follow live updates as BTC enters price discovery, short sellers get crushed, and altcoins begin to stir. Get real-time analysis, expert commentary,
Bitcoin price, XRP and other cryptos have seen big gains this week. The crypto industry notched its first major crypto regulatory win in the U.S. late Thursday.
Congress just passed its biggest crypto law ever, and Bitcoin didn’t even get a mention. Once the face of financial rebellion, it’s now sidelined while stablecoins take the spotlight.
The Bitcoin price continued to consolidate today, July 16, as the recent bull run took a breather, and traders await the vote on the GENIUS Act in the
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President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law amid much fanfare on July 18. Passed by the Senate on June 17 and the House on July 17, it is the first major crypto-related legislation to become a law in the U.S.
Eaglebrook Advisors' CEO Chris King expects his crypto SMA investing firm to jump from managing nearly $400 million to $1 billion over the next 12 months, as president Donald Trump signs the GENIUS Act and Bitcoin comes off new all-time highs.