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Trump convinces Republicans to back GENIUS Act and other cryptocurrency bills

Wednesday, Jul 16, 2025 6:08 am ETmin read

Aime Summary

- Trump convinced Republicans to support the GENIUS Act and cryptocurrency legislation, advancing bipartisan efforts.

- The bills aim to clarify crypto regulations and promote innovation in blockchain technology.

- The move reflects growing political recognition of crypto's economic potential despite regulatory challenges.

- Critics argue the legislation lacks safeguards against market volatility and fraud risks.

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