BTCC
/
BTCC Square
/
Global Cryptocurrency
/
What happens on day one after the GENIUS Act passes? | Opinion
What happens on day one after the GENIUS Act passes? | Opinion
10
2
The new United States stablecoin bill, known as the “Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act,” is a significant step for safeguarding blockchain innovation in the US. Sponsored by Senator Bill Hagerty (R-Tenn.), it marks a rare moment of bipartisan support for establishing a clear regulatory framework for one particular facet of the digital assets industry: namely, an area that has potential to establish meaningful guidelines around licensing and oversight, transparency and reserve standards, and consumer protection and AML/KYC. While it’s already passed the Senate Banking Committee in an 18-6 vote, the GENIUS Act has yet to become law.
By:
Previous
Pi Network (PI) Faces 16.1% Weekly Decline as Coldware (COLD) Gains Traction Among Miners
Next
The $OZ Presale Attracts Global Crypto Investors Seeking AI-Backed Growth
