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Trump Pushes for Crypto Regulation with GENIUS Act

Wednesday, Jul 16, 2025 7:27 am ETmin read

Aime Summary

- President Trump introduced the GENIUS Act to regulate cryptocurrency, emphasizing investor protection and systemic risk mitigation.

- The legislation mandates stablecoin issuers obtain bank charters and requires crypto exchanges to comply with anti-money laundering rules.

- Critics argue the bill overregulates innovation, while supporters claim it establishes necessary guardrails for the $1.5T crypto market.

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