Reported about 18 hours ago
Bernstein reports that the GENIUS Act, set for a Senate vote this week, will pave the way for stablecoins to become central to internet finance, transitioning them from cryptocurrency payments to mainstream adoption. The act, which mandates federal regulation for stablecoins with market caps over $10 billion, aims to foster U.S. innovation while restricting non-financial companies from issuing their own stablecoins, thereby ensuring partnerships with regulated U.S. issuers.
Source: YAHOO