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U.S. Senate Advances GENIUS Act to Regulate Stablecoins
U.S. Senate Advances GENIUS Act to Regulate Stablecoins
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The U.S. Senate has taken a decisive step toward establishing the first regulatory framework for stablecoins with the introduction of the GENIUS Act. Bipartisan support underscores the urgency of adapting to digital finance innovations.
Senator Tim Scott’s proposal, co-sponsored by Kristen Gillibrand and Cynthia Lummis, follows months of negotiations with tech and financial stakeholders. The MOVE signals growing institutional recognition of cryptocurrency’s role in payments infrastructure.
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