Bipartisan Senate Amendment Advances Stablecoin Regulations

A bipartisan amendment to the GENIUS Act, a proposed framework for stablecoin regulation in the U.S., has advanced to the Senate floor for review. This modification focuses on strengthening consumer protection, establishing bankruptcy procedures, and enhancing ethical practices within the stablecoin market. The amendment signifies a potential shift in how stablecoins are regulated, with implications for both market players and regulators.