GENIUS Act Could Fuel Institutional Adoption of Stablecoins

The US Senate has passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, paving the way for a potential surge in institutional adoption of stablecoins. The bill, which seeks to set clear regulations for stablecoin collateralization and compliance with Anti-Money Laundering laws, is now heading to a debate on the Senate floor after passing in a procedural vote earlier this month. 🏛️