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Trump signs first major crypto bill, the GENIUS Act, into law

theverge.com Lauren Feiner 2025-07-24 01:00:27

is a senior policy reporter at The Verge, covering the intersection of Silicon Valley and Capitol Hill. She spent 5 years covering tech policy at CNBC, writing about antitrust, privacy, and content moderation reform. In a landmark victory for the crypto industry, President Donald Trump signed the GENIUS Act into law, establishing a regulatory framework for a type of digital currency known as stablecoins. The GENIUS Act creates rules for entities that issue stablecoins, whose value is tied to a

Topics: crypto genius industry said trump
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Crypto’s Wild West Era Is Over

gizmodo.com Luc Olinga 2025-07-25 16:49:25

For more than a decade, cryptocurrency lived in a regulatory gray zone. Loved by libertarians, feared by bankers, and mocked by lawmakers, it was treated like a side project of the internet, too weird to regulate and too volatile to embrace. That era just ended. The U.S. House of Representatives has officially passed the GENIUS Act, a landmark bill that sets federal rules for stablecoins—the digital currencies pegged to the U.S. dollar. The bill is expected to be signed into law by President Do

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Congress Passes GENIUS Act in Major Win for US Crypto Industry

wired.com Joel Khalili 2025-07-26 09:31:03

The US House of Representatives on Thursday voted overwhelming to pass the country’s first significant cryptocurrency regulation, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. It will now go to President Donald Trump for final approval. If enacted, the bill will establish rules for issuers of stablecoins, a type of coin pegged to a $1 valuation, which proponents have pitched as a faster and cheaper way to make payments. The bill requires issuers to collater

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Show HN: Reviving a 20 year old OS X App

news.ycombinator.com Unknown 2025-07-26 13:47:30

In my recent foray into learning Dutch for my relocation to the Netherlands – I'm sure there'll be much to blog about – I fell victim to the siren song of the Green Owl again. It's too tempting - you get showered with instant feedback, encouragement in-app rewards, social stuff etc. To be fair it is fun, and you really feel that you're doing something useful. …except. I last used it in earnest it to 'learn' German before a trip to Berlin. I racked up a 150+ day streak or something nuts like t

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GOP’s pro-industry crypto bills could financially ruin millions, lawmaker warns

arstechnica.com Unknown 2025-07-31 17:45:59

It's "Crypto Week" in Congress, and experts continue to warn that legislation Donald Trump wants passed quickly could give the president ample opportunities to grift while leaving Americans more vulnerable to scams and financial ruin. Perhaps most controversial of the bills is the one that's closest to reaching Trump's desk, the GENIUS Act, which creates a framework for banks and private companies to issue stablecoins. After passing in the Senate last month, the House of Representatives is hopi

Topics: act companies financial genius stablecoins
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WordPress Gravity Forms developer hacked to push backdoored plugins

bleepingcomputer.com Unknown 2025-08-04 13:30:07

The popular WordPress plugin Gravity Forms has been compromised in what seems a supply-chain attack where manual installers from the official website were infected with a backdoor. Gravity Forms is a premium plugin for creating contact, payment, and other online forms. Based on statistic data from the vendor, the product is isntalled on around one million websites, some belonging to well-known organizations like Airbnb, Nike, ESPN, Unicef, Google, and Yale. Remote code execution on the server

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Senate passes GENIUS stablecoin bill in a win for the crypto industry

theverge.com Tina Nguyen 2025-09-13 18:48:00

is a senior reporter for The Verge, covering the Trump administration, Elon Musk’s takeover of the federal government, and the tech industry’s embrace of the MAGA movement. In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar.

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US Soldier Accused of Verizon and AT&T Hacks Pleads Guilty

gizmodo.com Aj Dellinger 2025-06-07 13:40:30

Cameron John Wagenius, a former US Army soldier, pleaded guilty to his role in a hack that affected AT&T and Verizon and resulted in the theft of data from well over 100 million customers of the companies, according to TechCrunch. Wagenius, a 20-year-old stationed in Texas, copped to two counts of “unlawful transfer of confidential phone records information” and will face a fine of up to $250,000 and up to 10 years in prison for each of the charges. Wagenius was taken into custody last year aft

Topics: able access data hack wagenius
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