Senator Lummis announced her support for the GENIUS Act to regulate the stablecoin market🔥💯
🔥💥 On May 7th, U.S. Senator Cynthia Lummis stated that the (GENIUS Act) aims to enhance oversight of the stablecoin market. The core content includes: requiring all stablecoins to achieve full 1:1 reserves, protecting consumers' priority rights in the event of bankruptcy, and establishing strict compliance standards for marketing.
