U.S. Proposes GENIUS Act to Modernize Stablecoin Regulation

The U.S. government is taking steps to modernize the financial landscape with the introduction of the GENIUS Act, a proposed law aimed at regulating stablecoins. This legislation aims to boost institutional investment in stablecoins and strengthen the stability of the American digital asset market. The GENIUS Act seeks to enhance transparency and streamline the regulatory framework for these assets, influencing both Ethereum and DeFi protocols.