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BREAKING: US Senate Greenlights Game-Changing GENIUS Act to Rein In Stablecoins
BREAKING: US Senate Greenlights Game-Changing GENIUS Act to Rein In Stablecoins
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Washington finally gets crypto legislation right—or at least less wrong.
The Senate just dropped the hammer on stablecoin chaos with its GENIUS Act approval. No more wild west for USDT and friends.
How it works: The bill slaps strict reserve requirements on issuers while somehow still letting banks pretend they understand blockchain. Expect Tether’s lawyers to start billing overtime by Friday.
Why it matters: After years of regulatory limbo, stablecoins now have guardrails—just as everyone moved on to AI trading bots. Typical government timing.
Bottom line: A rare bipartisan win that manages to both legitimize crypto and infuriate libertarians. The perfect political fiat.
By:
http://cryptoslate.com/us-senate-approves-landmark-genius-act-for-stablecoin-regulation/
