About this episode
On Friday, President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the United States’s first major cryptocurrency legislation. The new law establishes a legal category and regulatory framework for stablecoins, a type of cryptocurrency whose value is tied to a reference asset, like the price of gold or the U.S. dollar. As a result, banks, nonbanks, and credit unions will be able to participate in the stablecoin market and issue their own digital currencies. At a signing ceremony on Friday, President Donald Trump said the bill “creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins. This could have been perhaps the greatest revolution in financial technology since the birth of the Internet.” Ad-free podcasts are here! Many listeners have been asking for an ad-free version of this podcast that they could subscribe to — and we finally launched it . You can go to ReadTangle.com to sign up! You can read today's podcast here , our “Under the Radar” story here and today’s “Have a nice day” story here . Take the survey: Would you invest in cryptocurrency? Let us know ! Disagree? That's okay. My opinion is just one of many. Write in and let us know why, and we'll consider publishing your feedback. You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here. Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall. This podcast was written by: Isaac Saul and edited and engineered by Dewey Thomas. Music for the podcast was produced by Diet 75. Our newsletter is edited by Managing Editor Ari Weitzman, Senior Editor Will Kaback, Hunter Casperson, Kendall White, Bailey Saul, and Audrey Moorehead. Hosted on Acast. See acast.com/privacy for more information.