The U.S. Senate has received an amended bipartisan text of the stablecoin GENIUS Act, which includes important consumer protection and ethical considerations. This development aims to enhance regulatory clarity for USD-pegged assets like USDT and USDC.
Despite the potential impacts, market reactions remain muted, with no substantial fluctuations in these stablecoins reported. Stakeholders are closely monitoring legislative advancements for any significant changes.
The GENIUS Act amendment builds on past legislative efforts and emphasizes the need for clear regulations to stabilize the crypto market, shaping future developments in blockchain and stablecoin frameworks.
Full story here: https://coincu.com/337830-stablecoin-genius-act-amendment-senate
