Senate Banking Committee – One America News Network

US President Donald Trump displays the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins Act), which codifies the use of stablecoins -- cryptocurrencies pegged to stable assets like the US dollar or US bonds -- after signing it in the East Room of the White House in Washington, DC, on July 18, 2025. (Photo by Brendan SMIALOWSKI / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)

Trump signs ‘GENIUS Act’ into law, calling it the ‘greatest revolution in financial technology’

President Donald Trump has officially signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law.

The US Treasury Department building is seen in Washington, DC, January 19, 2023, following an announcement by the US Treasury that it had begun taking measures Thursday to prevent a default on government debt, as Congress heads towards a high-stakes clash between Democrats and Republicans over raising the borrowing limit. - The world's biggest economy could face severe disruption with Republicans threatening to refuse the usual annual rubber stamping of a rise in the legal borrowing limit, and this could push the United States into default. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

Chinese Hackers Breach U.S. Treasury Systems, Access Unclassified Documents

A China state-sponsored actor affiliated with the Chinese Government recently hacked the U.S. Treasury Department’s workstations in a “major incident,” the agency announced on Monday.

A Drug Enforcement Administration (DEA) chemist checks confiscated powder containing fentanyl at the DEA Northeast Regional Laboratory on October 8, 2019 in New York. - According to US government data, about 32,000 Americans died from opioid overdoses in 2018. That accounts for 46 percent of all fatal overdoses. Fentanyl, a powerful painkiller approved by the US Food and Drug Administration for a range of conditions, has been central to the American opioid crisis which began in the late 1990s. (Photo by Don EMMERT / AFP) (Photo by DON EMMERT/AFP via Getty Images)

Senate Banking CMTE Holds Hearing On Fentanyl Crisis

The Senate Banking Committee holds a hearing on efforts to stop the flow of fentanyl in the U.S..