bitcoinist.com (nprofile…x94c)
✍️ The US Senate advances the GENIUS Act, a bill aimed at regulating the stablecoin industry, which could lead to a prolonged digital asset bull market.
👉 The GENIUS Act aims to establish a comprehensive framework for stablecoins
👉 The bill outlines strict federal guidelines for stablecoin issuers
👉 The legislation could normalize the use of blockchain-based financial tools beyond digital currencies
👉 The bill's advancement is seen as a critical moment for the crypto industry
#MattHougan #technology
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The United States Senate made a significant move toward regulating the crypto asset industry this week by advancing the GENIUS Act, a bill aimed at establishing a comprehensive framework for stablecoins. The measure passed the cloture vote with bipartisan support, including a notable shift from 16 Democrats who had previously opposed it. Bitwise Chief Investment […]
https://bitcoinist.com/a-crypto-bull-market-bitwise-cio-stablecoin-bill/
