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What the GENIUS Act could mean for stablecoins, crypto investors and potentially taxpayers
The GENIUS Act is a proposed bill that regulates one type of cryptocurrency called stablecoins, a $200 billion part of the multi-trillion-dollar cryptocurrency system. The bill’s name stands for Guiding and Establishing National Innovation for U.
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 bill would require tokens to be backed by liquid assets including the US dollar and short-term Treasury bills.
The GENIUS Act stablecoin bill passed the US Senate on June 17 with bipartisan vote, but what's next? When will it become a law?
The GENIUS Act mandates full reserve backing for stablecoins and opens the door for banks and retailers to issue tokens under ...
Cryptopolitan on MSN6h
GENIUS Act already under attack from legacy media and fintech stakeholdersThe GENIUS Act, recently passed by the US Senate, faces criticism from The New York Times and fintech leaders over its potential economic risks.
The U.S. Senate has passed the GENIUS Act. The House is under pressure to vote on the legislation before the August recess.
The Senate on Wednesday passed the GENIUS Act, a breakthrough for the cryptocurrency industry that could have a far-reaching ...
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, ...
US Senate approves GENIUS Act, bringing stablecoins into mainstream finance with clear regulatory framework, boosting crypto ...
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