The GENIUS Act, which was recently passed by the Senate, seeks to legitimize stablecoins and integrate them into the broader financial system by treating them as payment methods rather than securities. This legislative move, celebrated by the crypto lobby, has drawn criticism regarding the safety and stability of the financial sector, raising concerns that it, along with the growing influence of crypto, might further enrich individuals like Donald Trump. As the bill moves to the House of Representatives, its impact on both the economy and regulation of digital currencies remains to be seen.
Last week, the Senate voted through the GENIUS Act, facilitating the growth of digital currency and giving it legitimacy, marking a historic victory for the crypto lobby.
The GENIUS Act treats stablecoins as a means of payment rather than securities, providing a regulatory framework that fosters growth and mainstream acceptance of digital currency.
Collection
[
|
...
]