GENIUS Act (Guiding and Establishing National Innovation in U.S. Stablecoins Act)
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GENIUS Act (Guiding and Establishing National Innovation in U.S. Stablecoins Act)
Description
U.S bill aimed at establishing a regulatory framework for stablecoins, defining reserve requirements, licensing, transparency, and compliance measures.
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U.S. Senate Banking Committee advanced GENIUS Stablecoin Bill to the Senate
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The Senate Banking Committee voted 18-6 to advance the GENIUS stablecoin act to the full Senate voting with partial Democrat support
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The U.S. Senate Banking Committee is set to vote on the bipartisan GENIUS Act, a bill which aims to establish a clear regulatory framework for stablecoins, including reserve requirements, audits, transparency, and licensing for issuers
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