Paul Grewal highlights the 'Genius Act' for crypto rewards
Mornings With Maria · FBN · Aired Feb 3 · 2m 40sAlready a subscriber?
Maria Bartiromo questions Paul Grewal about the progress of crypto legislation, specifically the Clarity Act, and the implications of the "Genius Act." Paul explains that the "Genius Act" is current law, allowing stablecoin rewards, and provides a clear framework for regulating payment stablecoins with 100% reserve backing. He expresses confidence that new legislation will build upon this, bringing federal oversight to spot markets and protecting DeFi, ultimately solidifying America's role as the crypto capital of the world, aligning with former President Trump's vision.