U.S. Senate Takes Major Step Toward Stablecoin Regulation with GENIUS Act Vote
In a landmark move for cryptocurrency regulation, the U.S. Senate voted 66-32 on Monday night, 19 May to advance the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The procedural cloture vote clears the way for further debate and amendments, marking a significant bipartisan push to establish clear rules for stablecoins – […]
What is the U.S. GENIUS Act: A Guide for Business Owners and Stablecoin Regulation
The digital currency landscape is undergoing significant transformation, with stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar—gaining prominence in global finance. Recognizing the need for regulatory clarity, the U.S. Senate has introduced the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. This legislation aims to establish a comprehensive framework for stablecoin issuance […]
