(((((Beginning of the Financial Revolution)))))
Coinbase Exchange CEO: Trump's signing of the GENIUS Stablecoin Act marks the official start of the financial revolution
Brian Armstrong, the CEO of the crypto exchange Coinbase, commented on U.S. President Donald Trump's signing of the GENIUS Stablecoin Regulation Act.
Armstrong stated in a tweet on his X account: "The signing of the GENIUS Act will be the official start of the financial revolution in the United States."
President Trump signed the GENIUS Stablecoin Act, which regulates stablecoins, after it was passed by the U.S. House of Representatives with a majority of 215 votes to 211 votes, which will create a regulatory framework for stablecoins.
The GENIUS Act establishes initial protective barriers and consumer protections for stablecoins, which are a type of cryptocurrency linked to a stable asset like the U.S. dollar to mitigate price volatility, aimed at enhancing consumer confidence in the rapidly growing crypto sector.
Source: Brian Armstrong's account on X
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