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GENIUS Act to Be Approved Next Week: U.S. Stablecoin Regulation on the Horizon
GENIUS Act to Be Approved Next Week: U.S. Stablecoin Regulation on the Horizon
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A major milestone in cryptocurrency regulation may be imminent. The GENIUS Act, a bipartisan bill aimed at establishing clear guidelines for stablecoins, could pass as early as next week, according to filmmaker and investor Paul Barron, who cites direct sources from Washington.
Introduced in March 2024 by Senators Kirsten Gillibrand and Cynthia Lummis, the Guiding and Empowering the Nation for Innovation in U.S. Stablecoins Act seeks to balance innovation with financial system safeguards. This legislation represents a critical step toward legitimizing digital asset innovation in the United States.
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