For more than a decade, cryptocurrency lived in legal limbo. It was too weird to regulate, too volatile to trust, and too new for Washington to take seriously. That just changed.
The U.S. House of Representatives has passed the GENIUS Act, the first major federal law regulating stablecoins, digital currencies backed by the U.S. dollar. The bill now heads to President Trump’s desk, where it’s expected to become law.
Here’s what it means for you, your money, and the financial system around you.
For Consumers: Faster, Cheaper, Easier Payments
The GENIUS Act means stablecoins could soon become a real part of everyday life.
You could send money across the world in seconds, with far lower fees than banks or apps like PayPal.
You could use stablecoins to pay for things online with instant settlement.
You could move money 24/7, no delays, no middlemen.
This also opens up financial tools for people who are left out by the traditional banking system. It gives you more control, lower costs, and faster access to your own money.
For Wall Street: Legitimacy and New Business
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