Crypto Market Cap Hits $4 Trillion as US Passes Stablecoin Bill | The Opening Trade 07/18

Bogdan Hofbauer

Congress delivered a watershed victory for the crypto industry on Thursday, passing the first federal legislation to regulate stablecoins and clearing the way for broader use of the technology in everyday finance. Backed by Republicans and championed by President Donald Trump, the bill imposes federal or state oversight on dollar-linked tokens that can move around the clock and across platforms. Supporters say it could unlock faster, cheaper forms of payments — and bring legitimacy to a $265

Tag-uri: Donald Trump