JILANI09
--
Cryptocurrencies: The GENIUS bill on stablecoins passes a key vote in the US Senate
The GENIUS bill on stablecoins passes a procedural vote in the Senate
The GENIUS bill (Guiding and Establishing National Innovation for US Stablecoins) was introduced in April 2025 by Senators John Thune (Republican) and Kyrsten Sinema (Democrat). It aims to create a legal framework for stablecoins.
As a reminder, stablecoins are cryptocurrencies whose value is pegged to a fiat currency like the dollar.
The text notably provides that issuers of stablecoins must be registered with the SEC (Securities and Exchange Commission) or the CFTC (Commodity Futures Trading Commission), depending on their nature. It also imposes rules for transparency, security, and user protection.
The GENIUS bill (Guiding and Establishing National Innovation for US Stablecoins) was introduced in April 2025 by Senators John Thune (Republican) and Kyrsten Sinema (Democrat). It aims to create a legal framework for stablecoins.
As a reminder, stablecoins are cryptocurrencies whose value is pegged to a fiat currency like the dollar.
The text notably provides that issuers of stablecoins must be registered with the SEC (Securities and Exchange Commission) or the CFTC (Commodity Futures Trading Commission), depending on their nature. It also imposes rules for transparency, security, and user protection.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
161
0