Trump Signs Genius Act To Regulate Stablecoins In The US: How Much Of A Genius Is The Genius Act?

The recently enacted Genius Act, signed into law by President Donald Trump permits non-government entities—including banks and companies like Amazon—to issue digital currencies known as payment stablecoins.

CNBC-TV18’s Latha Venkatesh spoke to Barry Eichengreen, Professor of Economics at Berkeley University on Genius Act who recently published a very critical piece in The New York Times, saying that the Genius Act will bring 'economic chaos'.

Meanwhile, Eswar Prasad, Professor of Economics at Cornell University, stated that the Genius Act has given a significant legitimacy boost to stablecoins.

#geniusact #donaldtrump #stablecoins #cryptolaw #cryptocurrency #trumpcrypto #trumpcryptopush #bitcoin #uscryptocurrency #cryptocurreencymarket #cnbctv18 #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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