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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.
As GENIUS Stablecoin Act advances to the House, Peter Schiff dismissed USD-pegged assets as "flawed" tokens linked to falling ...
The GENIUS Act mandates full reserve backing for stablecoins and opens the door for banks and retailers to issue tokens under ...
The head of South Korea’s central bank has reportedly said he is not against the country issuing a won-based stablecoin, but ...
Analysts are pointing out that the GENIUS Act, which was passed in the Senate on Tuesday, could increase the competition for ...
Congress passed the GENIUS Act this week, boosting the market for stablecoins. Here's what investors need to know about the ...
The Senate passed stablecoin legislation — the GENIUS Act — with rare bipartisan support, setting the stage for the US to ...
GENIUS Act Approved - The U.S. Senate has passed the GENIUS Act, marking the first federal stablecoin regulation and a major ...
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