GENIUS Act Advances: Trillion-Dollar Shift in Treasury Bond Demand Looms

The U.S. Senate’s passage of the GENIUS Act marks a pivotal step forward for stablecoin regulation, potentially unlocking trillions in demand for U.S. Treasury bonds. Backed by the White House, the bill targets stablecoins and paves the way for a significant shift in market dynamics. The bipartisan legislation, introduced by Senators Bill Hagerty and Kirsten Gillibrand, aims to bring stability to the burgeoning $232 billion stablecoin industry.