Feds Eye Regulated Cryptocurrency Market by Year's End

Trump Aims to Sign Two Stablecoin Bills in August, Officials Say

The Trump administration is planning to sign two bills related to stablecoins, according to officials familiar with the matter.

The two bills, the "Stablecoin Regulation Act" and the "Blockchain Technology Act," aim to provide a framework for the development and use of stablecoins, a type of cryptocurrency pegged to the value of a fiat currency.

The Stablecoin Regulation Act would require stablecoin issuers to register with the Commodity Futures Trading Commission, or CFTC, and would impose certain requirements on their operations, including the need to maintain a minimum amount of collateral to back their stablecoins.

The Blockchain Technology Act would provide a safe harbor for blockchain technology developers and users, allowing them to operate without fear of legal repercussions, as long as they comply with certain requirements and regulations.

The bills are expected to be signed into law by President Trump in August, according to officials. The signing would mark a significant step forward for the development of the stablecoin industry, which has seen significant growth in recent years.

The Trump administration has been a strong supporter of blockchain technology and cryptocurrencies, and has taken steps to encourage their development and use. The signing of these two bills would be seen as a major victory for the industry, and would pave the way for further growth and innovation.

The bills have been praised by many in the industry, who see them as a major step forward in providing a framework for the development and use of stablecoins. The signing of the bills would also provide a boost to the economy, as the stablecoin industry is expected to create thousands of new jobs and generate billions of dollars in revenue.