🏛️ U.S. Senate Advances GENIUS Act for Stablecoin Regulation
The U.S. Senate has advanced the GENIUS Act with a 66-32 procedural vote, moving it closer to final passage. The bill proposes comprehensive regulations for stablecoins, including 1:1 reserves backed by U.S. dollars and stringent AML and KYC measures. 💬 Your Take: Will this bring the regulatory clarity crypto needs?$XRP
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