“I pledged that we would bring back American liberty and leadership and make the U.S. the crypto capital of the world—The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins…” @realDonaldTrump
Fact-Check Summary Donald Trump’s claim that the GENIUS Act creates a clear and simple regulatory framework for dollar-backed stablecoins is accurate. Multiple independent sources and legal analyses confirm that the Act introduces the first unified federal regulatory structure in the United States for payment stablecoins. The law requires 1:1 reserve backing using highly liquid assets, […]