Stablecoin Bill Clears Senate Hurdle
The Senate voted 66-32 to move forward with the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), a major step towards federal regulation of stablecoins. What the GENIUS Act Does This bill aims to create a national framework for companies that issue stablecoins. Key features include: Full Asset Backing: Stablecoin issuers would…
