bitcoinist.com (nprofile…x94c)
https://experts.bitwiseinvestments.com/_next/image?url=https%3A%2F%2Fwww.datocms-assets.com%2F62087%2F1747773644-92_q1-25-memo-01.png&w=3840&q=75
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/
bitcoinist.com / Bitcoinist
npub1mv…52zuc
2025-05-22 06:07:37
Author Public Key
npub1mvlm9xukx5pek66dzt2muwkefhx3mzc4thlzt756n9h8dplrtk3qc52zucPublished at
2025-05-22 06:07:37Event JSON
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"The GENIUS Act, which passed the cloture vote with bipartisan support, outlines strict federal guidelines for stablecoin issuers, including backing with US Treasuries, registration with federal banking regulators, and anti-money laundering protocols. This legislation could normalize the use of blockchain-based financial tools beyond digital currencies, ultimately pushing institutional adoption. The bill's advancement is seen as a critical moment for the crypto industry, potentially paving the way for a future where stablecoin transactions are as common as credit card payments or peer-to-peer apps."
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