Bipartisan U.S. senators are advocating for the GENIUS Act to regulate stablecoins before the May 26 recess. It aims to establish a federal framework amidst bipartisan support and industry lobbying for regulatory clarity.
This legislation seeks to unify fragmented state-level regulations and impose stricter scrutiny on stablecoin issuers, reflecting the evolving landscape of digital finance.
The potential passage of this act could enhance consumer protection and create a more secure crypto market in the U.S., aligning with technological advancements.
Full story here: https://coincu.com/337484-us-stablecoin-legislation-progress