Trump to Sign "Great Beauty Act", Landmark Crypto Regulation Reform

President Trump will sign the "Great Beauty Act" this Friday at 5 PM EST (5 AM Saturday Beijing Time), marking a pivotal shift in U.S. digital asset policy.

Key Provisions:

Establishes federal oversight for crypto exchanges and custodians

Introduces tax breaks: exempts sub-$200 crypto transactions and offers 3-year tax relief for blockchain firms

Mandates a 2-year digital dollar pilot by the Federal Reserve

Market Impact:

Coinbase (COIN) shares rose 7% pre-market

Could attract $50B+ institutional capital

Positions U.S. ahead of EU’s MiCA framework

Industry leaders applaud the move, though SEC’s Gensler warns of lingering manipulation risks.

"This legitimizes crypto as part of the U.S. financial system," said Stanford’s Prof. David Tse.