The Senate passed landmark cryptocurrency legislation establishing the first federal regulatory framework for fiat-backed stablecoins.
In a 68-30 vote, the upper chamber passed the GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act.
“The GENIUS Act will cement U.S. dollar dominance, protect customers, drive demand for U.S. Treasuries, & ensure that digital asset innovation happens in the U.S., not overseas. With this bill, we are one step closer to becoming the global leader in crypto. Let’s get this done,” Sen. Bill Hagerty (R-TN) said.
Trending: Noem Nails It: DHS Releases New ICE Visitation Rules Maxine Waters and Jerry Nadler Will Hate
WATCH:
The GENIUS Act will cement U.S. dollar dominance, protect customers, drive demand for U.S. Treasuries, & ensure that digital asset innovation happens in the U.S., not overseas.
With this bill, we are one step closer to becoming
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!