It's "Crypto Week" in Congress, and experts continue to warn that legislation Donald Trump wants passed quickly could give the president ample opportunities to grift while leaving Americans more vulnerable to scams and financial ruin.
Perhaps most controversial of the bills is the one that's closest to reaching Trump's desk, the GENIUS Act, which creates a framework for banks and private companies to issue stablecoins. After passing in the Senate last month, the House of Representatives is hoping to hold a vote as soon as Thursday, insiders told Politico.
Stablecoins are often hyped as a more reliable form of cryptocurrency, considered the "cash of the blockchain" because their value can be pegged to the US dollar, Delicia Hand, Consumer Reports' senior director monitoring digital marketplaces, told Ars.
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