The U.S. Senate has advanced the GENIUS Stablecoin Act, passing a procedural vote of 65-32. This move signifies a major step towards establishing a regulatory framework for stablecoins in the United States.
Senator Warner emphasized the need for safe innovation in the cryptocurrency sector, indicating a bipartisan commitment to proactive regulation. This legislation aims to clarify the licensing process for institutions issuing digital assets.
As a result, experts suggest this framework could enhance security and trust in the market, paving the way for further institutional investments in U.S. digital finance.
Full story here: https://coincu.com/338614-senate-advances-genius-stablecoin-act