U.S. Senate advances GENIUS Act in major step toward stablecoin regulation 🇺🇸
The U.S. Senate has taken a significant step towards regulating stablecoins by advancing the GENIUS Act. On Monday, May 19, the Senate voted in favor of moving forward with this landmark bill. The proposed legislation aims to establish a comprehensive regulatory framework for stablecoins, a critical element in the evolving digital currency landscape.
The decision was made public through results released on the Senate’s website, reflecting a growing governmental focus on the governance and impact of digital currencies. The GENIUS Act's progression marks a pivotal moment in the regulation of stablecoins, potentially influencing global perceptions and policies.
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Crypto lobby pushes Senate to pass stablecoin bill without debate
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GENIUS Act ‘legitimizes’ stablecoins for global institutional adoption
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Senate Votes 66-32 to Advance GENIUS Act, Marking Progress in Stablecoin Regulation
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