The Senate has recently advanced the Guiding Uniform and Innovative Stablecoins Payments Act (GENIUS Act), signaling a significant step towards regulating the rapidly growing $238 billion stablecoin market. This important bipartisan bill is intended to provide a bright-line regulatory framework for the entities that will be issuing these digital currencies....
The United States has been trying to get stablecoins regulated. Each of these digital currencies has been created with the idea of maintaining that value. Proposed legislation such as the GENIUS Act and the STABLE Act are great examples of these efforts. Their goal is to address existing issues overcrowding...
Now, there are two competing bills in Congress. The GENIUS Act and the STABLE Act proposals each bill introduces a distinct approach to regulating stablecoins. Both hope to establish a regulatory environment for digital assets. When it comes to bankruptcy protections, regulatory standards, enforcement, and supervision, they take vastly different...
