#BigTechStablecoin

It seems that there are legislative developments regarding *Big Tech Stablecoin* in the United States. The U.S. Senate is nearing the passage of the *GENIUS Act*, which aims to *ban stablecoins issued by big tech companies* ⁽¹⁾. Additionally, there is an upcoming vote on this law, which requires 60 votes for the approval of stablecoin regulation⁽²⁾.