Experts said the GENIUS Act, signed into law this month, will make advisors more confident about getting into digital currencies.
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The announcement comes just days after President Trump signed a law that introduces US-regulated stablecoins.
In the past 30 days, Ethereum treasury companies scooped up more than 545,000 ether worth at least $1.6 billion, CoinTelegraph reported.
Anyone who’s had to split a check with new hostel friends knows rivals Venmo and Zelle only support payments between US users.
The bill would require tokens to be backed by liquid assets including the US dollar and short-term Treasury bills.