GENIUS Bill Passed Senate as Bessent Predicts $2T Stablecoin Market; Best Wallet Shines 💼
The US Senate has made a significant move by passing the GENIUS Act, marking the first substantial legislation aimed at regulating stablecoins. The vote passed with 68 in favor and 30 against.
Following this development, Treasury Secretary Scott Bessent expressed optimism, suggesting that the dollar-linked stablecoin market could soar to $2 trillion, reflecting strong growth potential.
This legislative change indicates heightened government oversight and new rules that will accompany the regulation of stablecoins.
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