Representatives from Ripple, Chainlink Labs, Multicoin Capital, and Anchorage Digital confirmed their attendance at the White House for the signing of the GENIUS Act, a stablecoin bill. Following a turbulent legislative week, the US House of Representatives voted on the GENIUS Act, along with the CLARITY Act and the Anti-CBDC Surveillance State Act. The signing ceremony, scheduled for 7:30 PM UTC, is expected to have key crypto executives who support the administration present. The GENIUS Act, once signed into law, will come into effect in 18 months following final regulations from the US Treasury and Federal Reserve. However, the other two acts require further Senate approval, and there were objections within the House regarding potential conflicts of interest relating to Trump’s investments. Support from notable figures in the crypto industry for the GENIUS Act has been notable, yet the upcoming Senate votings for the CLARITY Act and Anti-CBDC Act may face significant challenges, particularly from Senate Democrats.

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