Senate Aims to Strengthen Stablecoin Regulations with New Bill

The United States Senate has proposed a revised version of the “GENIUS Act,” aimed at regulating stablecoins nationwide. The bill, previously blocked in a 48-49 vote, was retooled in bipartisan discussions and now faces potential passage. This new legislation addresses concerns raised by both Democrats and Republicans, seeking to ensure consumer protection while promoting responsible innovation in the stablecoin market.