"Crypto week" in Congress.
Tangle
Isaac Saul
4.7 • 816 Ratings
🗓️ 22 July 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
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.”
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| 1:04.7 | From executive producer Isaac Saul, this is Tangle. |
| 1:18.9 | Good morning, good afternoon and good evening and welcome to the Tangle podcast, a place where you get views from across the political spectrum, |
| 1:28.8 | some independent thinking, and a little bit of our take. |
| 1:32.2 | I am your substitute host today, senior editor, Will Keevak, and I'm filling in for Isaac while he's at a speaking engagement in Pennsylvania this morning. |
| 1:41.3 | It's a really cool opportunity for him to talk about Tangle, some of the work that we're |
| 1:45.1 | doing our mission, the awesome community that we've built here. So he'll be back tomorrow. |
| 1:49.8 | He can fill you in and then. But for now, I'm going to be jumping into the host chair to talk |
| 1:54.3 | about our main story, which is cryptocurrency and the crypto legislation considered by Congress last |
| 1:59.9 | week. There were three bills that passed |
| 2:02.1 | the House. One of them, the Genius Act, was passed by the Senate and signed into law by President |
... |
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