Reported about 11 hours ago
US lawmakers are advancing the GENIUS Act, establishing regulatory frameworks and consumer protections for stablecoins, distinguishing them from the broader cryptocurrency market. Delta Blockchain Fund's Kavita Gupta highlights the bill's emphasis on requiring stablecoin issuers to maintain liquid reserves and adhere to strict transparency and accountability measures. With bipartisan support, the legislation is expected to pass the Senate soon, potentially reshaping the regulatory landscape for stablecoins and boosting investor confidence.
Source: YAHOO