Crypto Regulation Vacuum Threatens Financial Stability

For over a decade, the crypto industry has operated under a patchwork of regulations, leaving investors vulnerable to fraud and raising concerns about its impact on financial stability. Now, the US Senate Banking Committee is taking a significant step towards establishing regulatory clarity with the introduction of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. This bipartisan bill could pave the way for dollar-pegged digital tokens to be regulated, a move hailed by proponents as necessary to ensure transparency and prevent further losses. 📈