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U.S. Senate Advances GENIUS Act in Pivotal Crypto Regulation Push
U.S. Senate Advances GENIUS Act in Pivotal Crypto Regulation Push
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The U.S. Senate is set to vote on the long-delayed GENIUS Act, marking a critical juncture in federal efforts to regulate cryptocurrencies and stablecoins. Senate Majority Leader John Thune has secured a closure vote for Monday, signaling bipartisan momentum after months of debate.
The legislation introduces stricter oversight for tech firms handling financial assets, with amendments under review to bolster consumer protections. This move reflects Washington’s escalating focus on reining in the $2 trillion crypto market amid calls for clearer rules from industry and policymakers alike.
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