US Treasury Seeks Public Input on GENIUS Stablecoin Bill: What You Need to Know

The U.S. Treasury has issued a call for public feedback on the GENIUS stablecoin bill, marking an important step in establishing regulation for cryptocurrencies. This new legislation mandates 1:1 reserves backing stablecoins with US dollars and Treasuries, aiming to bolster dollar liquidity within the cryptocurrency market. Experts anticipate increased demand for US Treasuries as stablecoin issuers navigate these new regulations.