Miguel Afonso Caetano<p>"With President Trump’s signature, the Genius Act stablecoin bill is the first significant US cryptocurrency legislation to become law. The bill passed the Senate on June 17 [I86], the House on July 17, and hit Trump’s desk the following day. During the “Crypto Week” blitz, the House also passed the Clarity Act market structure bill and the Anti-CBDC Surveillance State Act, two other crypto bills that will now go to the Senate [I88].</p><p>Many crypto billionaires who attended the signing had spent millions installing crypto-friendly lawmakers in Congress and backing Trump last election cycle in hopes of this moment. Trump thanked them for their campaign support and blasted the Biden administration, remarking, “half of you were under arrest for no reason”, and later adding, “I got you guys out of so much trouble”. Speaking of the Winklevoss twins, who run the Gemini crypto exchange and are among the industry’s big political spenders, Trump said, “They’ve got plenty of cash, and it’s great that you’re on our side.”"</p><p><a href="https://www.citationneeded.news/issue-89/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">citationneeded.news/issue-89/</span><span class="invisible"></span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Crypto</span></a> <a href="https://tldr.nettime.org/tags/Cryptocurrencies" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Cryptocurrencies</span></a> <a href="https://tldr.nettime.org/tags/Kleptocracy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Kleptocracy</span></a> <a href="https://tldr.nettime.org/tags/Plutocracy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Plutocracy</span></a> <a href="https://tldr.nettime.org/tags/GeniusAct" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GeniusAct</span></a> <a href="https://tldr.nettime.org/tags/Stablecoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Stablecoins</span></a></p>