GENIUS Legal Process: Awaiting Final Decision in the Senate
Overview of the GENIUS Act
The GENIUS Act, an important legal initiative, has gone through a decision review step in the preliminary voting procedure. This proposal aims to expand the regulatory scope of the cryptocurrency ecosystem, promote transparency, and combat money laundering in the global market. If passed in the Senate, this law will move directly to the House of Representatives for final consideration. Legislators are currently assessing the impact of the law on exchanges, investors, and blockchain businesses.
### Next Steps in the Legal Process
After the decision-making review in the procedural phase, the GENIUS Act is facing the final decision threshold in the Senate. This process requires a high level of consensus to ensure feasibility and practical applicability. Currently, stakeholders are considering the impact of the law on the liquidity and integrity of the cryptocurrency market, while proposing appropriate adjustments. If it passes this stage, the law will quickly move to the House of Representatives to minimize legal risks for investors and businesses operating in the blockchain sector, contributing to promoting transparency and protecting user rights.
Source: https://tintucbitcoin.com/genius-act-tang-cuong-suc-manh-usd-toan-cau/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
