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Under this law, the Federal Reserve and the Office of the Comptroller of the Currency (OCC), a branch of the U.S. Treasury Department, are respectively responsible for overseeing the issuance of stablecoins by large banks and non-bank institutions. Issuance of payment-type stablecoins requires at least a 1:1 backing of reserve
U.S. President Donald Trump will unveil a government strategy aimed at making the United States a world leader in artificial intelligence at an event in Washington, D.C., on Wednesday (July 23). Trump plans to deliver a speech at the event, titled “Winning the Artificial Intelligence Race,” and sign an executive
On July 18, 2025, US President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act into law. US President Donald Trump signed the first major bill regulating cryptocurrencies into law. Cryptocurrencies are digital currencies that allow people to make direct payments to each other through online
President Trump hosted an exclusive dinner Thursday night for his 220 largest $TRUMP (TRUMP-OFFICIAL-USD) memecoin buyers, an event that sparked controversy in the U.S. capital at a crucial juncture in the cryptocurrency world. According to The New York Times, Trump told the dinner guests, “The previous administration made your lives
This executive order establishes an 180-day deadline to develop an “Artificial Intelligence Action Plan,” which will formulate policies to “maintain and strengthen America’s global leadership in artificial intelligence to advance human prosperity, economic competitiveness, and national security.” Trump also instructed his AI advisors and National Security Advisor to work toward
On January 21, US President Donald Trump announced the launch of a $500 billion artificial intelligence (AI) infrastructure project. President Trump met with executives from OpenAI, Oracle, and SoftBank at the White House that day. He said the investment project, dubbed “Stargate,” will build data centers and power generation facilities
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