US Senate Passes Bill to Make Stablecoins Attractive, Popular
If signed into law, the bill will empower U.S. banking regulators to oversee stablecoin issuers, which could potentially extend the U.S. dollar’s influence in the cryptocurrency market. The U.S. Senate has passed the GENIUS Act, aimed at regulating and making stablecoins more appealing. The bill was approved by a vote of 68 to 30 lawmakers. … Read more