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GENIUS Act Passes Senate — But Big Stablecoin Challenges Remain
Stablecoins are back in the spotlight after the Senate finally passed the GENIUS Act — a key milestone in creating clear rules of the road for crypto firms to follow. The bill would require issuers to fully back their stablecoins with U.S. dollars, and licensing would depend on the total market capitalization of their digital assets.
The GENIUS Act mandates full reserve backing for stablecoins and opens the door for banks and retailers to issue tokens under ...
Cryptopolitan on MSN2h
Legacy media and finance gatekeepers don't like the new GENIUS ActThe GENIUS Act, a proposed federal framework to regulate stablecoins in the United States that the Senate passed on Tuesday, ...
The Senate on Wednesday passed the GENIUS Act, a breakthrough for the cryptocurrency industry that could have a far-reaching ...
The GENIUS Act was passed through the Senate without the Credit Card Competition Act and the 10% APR interest rate limit ...
And now, Trump is rushing regulation through Congress that many Democrats fear could create his biggest conflict of interest ...
The U.S. Senate has passed the GENIUS Act. The House is under pressure to vote on the legislation before the August recess.
In a significant feat for the cryptocurrency industry, the U.S. Senate passed the GENIUS Act on June 17 with a vote of 68-30, ...
Cryptopolitan on MSN12h
Trump endorses GENIUS Act, says will make US the "undisputed leader"President Donald Trump took to Truth Social to enthusiastically endorse the Senate-approved Guiding and Establishing National ...
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