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BTCC / BTCC Square / Global Cryptocurrency /
US Lawmakers Advance Stablecoin Regulation with GENIUS Act

US Lawmakers Advance Stablecoin Regulation with GENIUS Act

Author:
Global Cryptocurrency
Published:
2025-04-24 13:34:02
6
1

After 16 years of regulatory ambiguity, the US Senate Banking Committee has introduced the GENIUS Act, a bipartisan effort to establish clear oversight for stablecoins. Led by Senator Bill Hagerty, the bill marks the most significant attempt to bring dollar-pegged digital tokens under federal supervision.

Stablecoins, often perceived as SAFE havens, remain contentious among crypto fraud victims. The legislation aims to close the compliance gap between crypto firms and traditional financial institutions, which have long operated under stricter standards.

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