š±š± Trump Introduces Two New Crypto Bills That Could Change the Global Market
Donald Trump has introduced two important bills in Congress that could completely reshape how crypto works worldwide. One focuses on stablecoins, and the other defines the legal status of crypto.
1ā£ Bill No.1 ā GENIUS
Stablecoins will be officially recognized as a legal form of payment
Banks can create their own tokens, reducing the Federal Reserve's control
Money transfers will be instant and free
Old systems like SWIFT, Visa, and Mastercard could become outdated
Big banks like JP Morgan and Bank of America are already working on blockchain systems
2ā£ Bill No.2 ā CLARITY
Crypto will be treated as a commodity (like gold or oil), not a security
The SEC will have less control, making crypto trading more flexible
Stablecoins must be backed 1:1 with real assets, ensuring trust
Crypto exchanges will find it easier to list and trade tokens, just like other commodities
š¼ With these changes, Bitcoin is already rising as regulatory pressure decreases and the market feels more open.