Tether Benefited as Trump Insiders Shaped First US Crypto Law
BLOOMBERG LAW ·
It was billed as cryptocurrency’s big moment, President Donald Trump ’s first legislative victory in his drive to make the US the “crypto capital of the world.” Surrounded by lawmakers and industry executives in the East Room of the White House, Trump signed the Genius Act into law a year ago this month, celebrating it as a step toward bringing digital assets into the mainstream of American finance. By providing the first set of federal rules for a type of crypto known as stablecoins, the legislation aimed to inspire public confidence in a $300 billion marketplace. It promised protections against ... Bloomberg Law provides trusted coverage of current events enhanced with legal analysis. Log in to keep reading or access research tools and resources.
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