What the GENIUS Act Could Mean for the Crypto Industry
The crypto industry has scored a major victory with the passage of the GENIUS Act — the first bill in the United States to regulate cryptocurrency. In particular, the bill focuses on stablecoins, which are any cryptocurrency that has a value tied to that of another asset, like the U.S. dollar or gold. With the Senate passing the bill in a 68-30 bipartisan vote, the GENIUS Act now heads to the House for approval.
The GENIUS Act, Explained
The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act is the first U.S. bill that regulates cryptocurrencies. If signed into law, it would offer more clarity and confidence around the use of stablecoins, potentially encouraging wider adoption and industry…
