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Donald Trump's GENIUS Law: A New Framework for Stablecoin Regulation
At his first press conference, David Sacks, a cryptocurrency and AI expert newly appointed by President Trump, announced the GENIUS Act, a bill designed to bring clarity to the regulation of stablecoins. The proposed law establishes specific issuance standards to determine which regulatory body will oversee stablecoin issuers based on their market value. Sacks emphasizes that innovation is the key to dominating the financial technology