U.S. Senate Passes Stablecoin Bill The GENIUS Act

U.S. Senate Passes Stablecoin Bill The GENIUS Act

The U.S. Senate passed the GENIUS Act, establishing a federal framework for stablecoins with 1:1 dollar backing, audits, and licensing. It exempts compliant stablecoins from SEC jurisdiction, boosting crypto infrastructure.

US Senate passes GENIUS stablecoin bill in 68-30 vote

US Senate passes GENIUS stablecoin bill in 68-30 vote

The US Senate passed the GENIUS Act, a stablecoin bill, in a 68-30 vote, bringing it closer to becoming law. The bill aims to establish regulatory clarity for stablecoins and promote innovation in the crypto industry.

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