The US Senate passed the Act on Engineering, the first bill in the US to regulate cryptocurrency, focusing on stablecoins 🇺🇸. Stablecoins tie their value to assets like the US dollar or gold. The bill aims to provide clarity and confidence in stablecoin use, encouraging industry growth. If approved by the House, it will become law. This move reflects President Trump's support for the crypto industry 📜💰.
The Act of Engineering establishes rules for stablecoin issuers, anti-fraud measures, and regulatory oversight by the Treasury and other agencies. It aims to make stablecoins a safer investment, boosting crypto industry growth 🛡️💸.
https://altcoin.observer/what-the-act-of-engineering-could-mean-for-the-cryptographic-industry/
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