Breaking: US Senate Advances Stablecoin Bill ‘GENIUS’ Act To Amendment Process

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Breaking: US Senate Advances Stablecoin Bill ‘GENIUS’ Act To Amendment Process - CoinGape

Quick Summary:

The stablecoin bill is one step closer to becoming the first major crypto regulatory framework in the US following the US Senate’s latest vote to move the bill to the amendment process.

This marks a positive step towards passing the bill, which the US Democrats had voted against two weeks ago.

Also known as the GENIUS Act, this bill seeks to regulate stablecoins in the US, a move that will further provide clarity for the crypto industry.