Trump’s Crypto Push: New Stablecoin Law Marks Washington’s Shift But Raises Questions on Oversight

In a move that signals Washington’s growing entanglement with the cryptocurrency industry, President Donald Trump signed the GENIUS Act into law Friday, ushering in initial regulations for stablecoins – digital currencies pegged to assets like the U.S. dollar. Is This Regulation or a Gateway for Cronyism? The bill, touted as a consumer protection measure, passed both chambers of Congress with broad bipartisan support. On the surface, it appears to strengthen trust in cryptocurrencies by setting guardrails to reduce volatility. However, this legislation also exposes how quickly special interests wield influence in our capital. For years, crypto was dismissed as a...