What is the GENIUS Act and what it may mean for consumers

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The wild west days of the cryptocurrency market may be coming to an end as Congress takes a step closer to passing first-of-its-kind legislation.

The GENIUS Act, officially the Guiding and Establishing National Innovation for U.S. Stablecoins Act, passed a key procedural hurdle in the Senate on May 19. The bipartisan vote limits debate on the bill and allows the Senate to move forward to final passage. The bill would create a…

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