๐จ Congress passes 3 historic crypto laws: The GENIUS Act reaches Trump's desk for signing!
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๐๏ธ Voting details:
โ CLARITY Act: Defines when cryptocurrencies are classified as securities or commodities, passed with a majority of 294-134
โ GENIUS Act: Regulates stablecoins and mandates 1:1 backing with the dollar, passed with a majority of 308-122
โ Anti-CBDC Act: Prohibits the issuance of a government digital dollar, passed with a majority of 219-210
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๐ฆ Next step:
โ The GENIUS Act moves to President Trump's office for official signing tomorrow at the White House
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๐ก Why does it matter?
โ Paves the way for a comprehensive regulatory framework that enhances innovation and trust in the crypto market
โ Transforms stablecoins into legally recognized financial instruments
โ Ends the regulatory ambiguity that has hindered sector growth in America
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โDo you think Trump's signing will trigger an unprecedented wave of institutional adoption?
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