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BREAKING: Senate Greenlights GENIUS Act – Stablecoin Regulation Now Inevitable
BREAKING: Senate Greenlights GENIUS Act – Stablecoin Regulation Now Inevitable
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Crypto's wild west era gets a sheriff—whether it wants one or not.
The US Senate just dropped the hammer with the GENIUS Act, clearing the runway for long-awaited stablecoin rules. No more regulatory limbo for Tether and its cousins.
What this means for your crypto wallet
Expect exchanges to scramble as compliance deadlines loom. The 'print-and-pray' stablecoin model just got a reality check from DC.
The fine print
While details remain scarce, insiders whisper about reserve requirements that'll make some issuers sweat. Banks are already circling—nothing gets traditional finance moving like regulatory capture opportunities.
Closing thought: Nothing unites politicians faster than the chance to regulate someone else's money printer.
In a major push to regulate digital currencies, the US Senate has officially passed the GENIUS Act- short for guiding and establishing NAtional innovation for US Stablecoins. The bill cleared the chamber with strong bipartisan support, passing by a 68-30 vote. Its a... Read More
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