Phillips also raised concerns around the structure of the new bill, which creates a dual licensing structure for some stablecoin issuers where they can seek either federal or state supervision. He said that it could create a “race to the bottom” for different jurisdictions seeking to attract crypto companies.

President Trump on Friday will sign the GENIUS Act into law, paving the way for a regulatory framework for payment stablecoins. The House voted 308-122 to advance the cryptocurrency legislation to

The $9 billion package passed the House and the Senate with only Republican votes through the rarely used “rescissions” process. Trump is now expected to sign it into law.

President Donald Trump is slated Friday to sign the first major federal law governing cryptocurrency, a business that Trump's family have begun forging strong ties to and have promoted in recent years.

President Donald Trump is expected to sign a bill Friday that cancels billions of dollars in spending, including funds for public media and humanitarian relief.

The legislation does not extend to addiction treatment, which the Trump administration has cut in its broader quest to curb federal spending.

More than two dozen Republican attorneys general urged Congress to pass the bill, calling it "vital" to addressing the opioid epidemic

President Donald Trump on Friday will sign into law a new set of regulations for a type of cryptocurrency that are seen as a way to legitimize the burgeoning industry.

The HALT Fentanyl Act, passed by the House and Senate with bipartisan support, will reschedule fentanyl as a Schedule I drug. The rescheduling of fentanyl will lead to harsher sentences for those