#GENIUSAct What is the GENIUS Act?

This bill has been proposed by Senator Bill Hagerty, establishing a legal framework for stablecoins. Its goal is for issuers to maintain high-quality reserves to ensure consumer safety and transparency.

What does the opposition say?

Senator Elizabeth Warren has opposed this bill, stating that it could benefit President Trump's cryptocurrency ventures and increase financial risks.

What is the industry's stance?

Coinbase's Director of Policy, Faryar Shirzad, has stated that stablecoin legislation is a "national priority" and that the U.S. should lead in blockchain-based finance.