Registration
 
All news
Top Stories
Editors' Picks
Stocks
Crypto
Economics
Currencies
Commodities
Business & Wealth
Market Voices
Daria Chernytska
Daria Chernytska

Genius Act establishes new era for U.S. crypto, Scott Bessent notes

Genius Act establishes new era for U.S. crypto, Scott Bessent notes
Genius Act seen as milestone for crypto

Scott Bessent described the GENIUS Act as a pivotal moment in American finance, stating that it further establishes the U.S. as the crypto capital of the world. Bessent compared the legislation to President Abraham Lincoln’s National Currency Act of 1863, which set a national standard for bank-issued currency.

Bessent has previously covered regulatory actions affecting U.S. finance. Earlier, he reported that the Treasury and IRS issued guidance targeting tax-driven investment strategies. He also noted that the Treasury returned $175 million in payments slated for deceased individuals and expanded Do Not Pay access to 99% of U.S. agencies.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Editor's Picks for You

DeFi for the select few: Why Hyperliquid is building restricted markets
  • By Pavlo Kot
  • Yesterday
DeFi for the select few: Why Hyperliquid is building restricted markets
Editors' Picks
Can Bitcoin make you a millionaire?
  • By Pavlo Kot
  • 31.10.2026
Can Bitcoin make you a millionaire?
Editors' Picks
France's crypto market matures as regulation reshapes the industry
  • By Olena Litvinenko
  • 30.10.2026
France's crypto market matures as regulation reshapes the industry
Editors' Picks
All Editors' Top Picks

Latest Scott Bessent News

Oil flows through Strait of Hormuz have normalized except for Iranian exports, Scott Bessent notes
  • By Mykhailo Ihnatenko
  • Yesterday
Oil flows through Strait of Hormuz have normalized except for Iranian exports, Scott Bessent notes
Market Voices
#Scott Bessent
Scott Bessent: U.S. official poverty rate dropped to record low in 2025
  • By Daria Chernytska
  • 23.10.2026
Scott Bessent: U.S. official poverty rate dropped to record low in 2025
Market Voices
#Scott Bessent
Scott Bessent: More than $8 billion deposited into children’s accounts following donation
  • By Yulia Slavina
  • 20.10.2026
Scott Bessent: More than $8 billion deposited into children’s accounts following donation
Market Voices
#Scott Bessent
All Scott Bessent News
  • Pavlo Kot
  • Yesterday
DeFi for the select few: Why Hyperliquid is building restricted markets
  • Pavlo Kot
  • 31.10.2026
Can Bitcoin make you a millionaire?
  • Olena Litvinenko
  • 30.10.2026
France's crypto market matures as regulation reshapes the industry
  • Dmytro Kharkov
  • 30.10.2026
SK Hynix’s rise reshapes the global chip industry and economy
  • Eugene Komchuk
  • 30.10.2026
Binance hack: The biggest theft in crypto history
  • Mykhailo Ihnatenko
  • 21 min ago
Ethereum offers neutrality and censorship resistance, Joseph Lubin states
  • Yaroslav Dmytrenko
  • 22 min ago
Securing the environment is key before Binance resumes, Yi He says
  • Eugene Komchuk
  • 37 min ago
Mario Nawfal: U.S. healthcare spending rose to $5.3 trillion in 2024
  • Ksenia Gerey
  • 2 hours ago
Authorities increase oversight of offshore crypto cards, Pushpendra Singh reports
  • Hanna Syniavska
  • 2 hours ago
Michael Pettis: Pudong model generated GDP growth but relied on extractive transfers
Top News
  • Eugene Komchuk
  • 45 min ago
Binance customers withdraw $5.8 billion in wake of hack
Binance customers withdraw $5.8 billion in wake of hack
  • Jose Antonio Gastelum
  • 20 hours ago
OPEC set to hold oil quotas as Middle East risks constrain supply
OPEC set to hold oil quotas as Middle East risks constrain supply
  • Ezequiel Gomes
  • 22 hours ago
Big Tech selloff drives investors back toward U.S. Treasuries
Big Tech selloff drives investors back toward U.S. Treasuries
  • Sholanke Dele
  • 22 hours ago
Binance resumes crypto withdrawals after $6.3B hack
Binance resumes crypto withdrawals after $6.3B hack
  • Pavlo Kot
  • Yesterday
DeFi for the select few: Why Hyperliquid is building restricted markets
DeFi for the select few: Why Hyperliquid is building restricted markets
Live News
  • Andrey Mastykin
  • Now
Eurozone economy slows as France slips into recession fears
  • Anton Kharitonov
  • Now
EUR/USD recovery stalls near 1.1210 as dollar retains its fundamental advantage
  • Anastasiia Chabaniuk
  • Now
Binance launches stolen asset recovery and allocates $6.34 billion to cover losses
  • Mykhailo Ihnatenko
  • Now
AMD stock drops over 7% as Intel outlook hits semiconductor sentiment
  • Jose Antonio Gastelum
  • Now
Circle phases out old USDC bridge as CCTP V2 takes over
Who We Are
Business Solutions
For Users
TU News
Popular Sections
Disclosures
CONTACT US
Legal
We are in Social Media
© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186
  • Risk disclosure:

    Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

    That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.

  • Disclaimer:

    Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

    Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.

  • Disclosure of advertisers and revenues:

    All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

    Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.

onepercentfortheplanet.org https://gdpr.eu/ GDPR World Association of News Publishers