Genius Act, Trump and cryptocurrency
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Nik Bhatia, Founder of The Bitcoin Layer and an Adjunct Finance Professor at USC Marshall School of Business, reacts to the passing of the crypto 'Genius Act' bill by the White House.
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President Donald Trump is signing the GENIUS Act, which will regulate cryptocurrency, on Friday at around 2:30 p.m.
Experts say the legislation could unleash a tidal wave of new stablecoins—and fresh complaints about President Trump's crypto entanglements.
Here are some of the latest stories Wall Street is watching on Friday, July 18. Federal Reserve Chair Jerome Powell is defending the Fed’s $2.5 billion headquarters renovation amid criticism from the White House.