Revised GENIUS stablecoin bill heads to senate, bars Big Tech from issuing tokens

Revised GENIUS stablecoin bill heads to senate, bars Big Tech from issuing tokens

The US Senate is preparing to vote next week on a revised version of the GENIUS Act, a stablecoin-focused bill that has been updated to address concerns raised by Democratic lawmakers. Last week, the bill stalled after several Democratic lawmakers withdrew support, citing gaps in anti-money laundering provisions, weak oversight for foreign stablecoin issuers, and […]

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