Lawmakers prioritize stablecoin legislation as new crypto regulations take shape under Trump

Republican lawmakers are prioritizing stablecoin legislation as they work on new crypto regulations under President Trump. They aim to create a clear framework for digital assets, starting with the US Stablecoins (GENIUS) Act introduced by bipartisan senators. House and Senate leaders expressed optimism about swift progress, with plans to pass the stablecoin bill within 100 days. This follows Trump's commitment to making the U.S. a leader in the crypto space and his executive order for clearer regulations. While some promises, like avoiding a central bank digital currency, are easier to implement, others, such as a national digital asset stockpile, may take longer. The SEC has also formed a new crypto task force to address ongoing challenges in the sector.