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US Senate Greenlights ‘GENIUS Act’—Stablecoins One Step Closer to Legal Clarity
US Senate Greenlights ‘GENIUS Act’—Stablecoins One Step Closer to Legal Clarity
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Washington finally gets a crypto win—lawmakers just passed the GENIUS Act, a landmark bill that could bring stablecoins under federal oversight. No more regulatory limbo for USDC, USDT, or that algorithmic stablecoin your cousin won’t stop shilling.
Here’s the kicker: the bill now heads to amendment debates, where lobbyists will undoubtedly turn it into a Christmas tree of corporate handouts. Because what’s financial innovation without a little rent-seeking?
If signed into law, this could be the first real crypto framework from Congress—assuming they don’t water it down to please both Wall Street and the ‘blockchain, not Bitcoin’ crowd. Place your bets now.
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