$LTR
Fading QuicklySnapshot Window: 2026-07-15 20:10 UTC · ← Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
The NEW FED CHAIR Warsh just confirmed the GENIUS ACT will be fully implemented across US BANKS in days: "We are racing to put that out by this DEADLINE this SATURDAY." The GENIUS ACT is the first crypto bill in US history.Trump is also prepared to sign the CLARITY ACT [Spoken audio]: A year ago on Saturday, the Genius Act was signed into law, and with that, a series of deadlines for rules to be promulgated began, and the clock began to tick. You've came into your job, confirmed approximately two months ago. The deadline for the Fed to promulgate rules is this Saturday. Will the Fed meet that deadline? Well, that's a fair and open question. I have been corrected. I've not been in the job six weeks, but seven. We're racing to put that out by this deadline. I'll just add one other thing, Congressman, without taking too much of your time. I think rule makings from the bank regulators are best when we have a family fight between and among us so that there would be one proposed rulemaking for comment. It might not be exactly true this time, time, but that's my objective, that we'd be coordinated in issuing our rule makings at the same moment. I appreciate that. I think from this body, I think there's a huge opportunity with Stablecoin in particular to make sure that consumers are protected, that was one of the drivers of us passing that legislation. There's a lot of work to be done new in your new role with the Fed, but we would like to be updated if, in fact, that deadline is not made, and then, in fact, when those rules will be promulgated.
