The crypto world is bracing for a potential shakeup as Congress considers the GENIUS Act, a bill aimed at regulating stablecoins. Stablecoins are a form of cryptocurrency that aims to maintain a stable value against a known asset, like the U.S. dollar. Their popularity is skyrocketing in the burgeoning digital...
The crypto ecosystem as a whole is preparing for what could be a significant, historic change with the introduction of the GENIUS Act. This legislation represents a serious effort to inject stablecoins—arguably the keystone of today’s digital asset ecosystem—into the fold of federal regulatory supervision. Supporters hail it as a...
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...
