Bipartisan Amendment Proposed for GENIUS Act: Focus on Consumer Protection and Regulatory Frameworks

The U.S. Senate has been presented with a draft amendment to the GENIUS Act, marked by bipartisan agreement. According to PANews, this proposal features provisions addressing consumer protection, bankruptcy procedures, and ethical standards, as detailed by Eleanor Terrett. This update showcases an emphasis on strengthening regulatory frameworks within the proposed legislation, according to insights from two anonymous Senate sources.