#GENIUSActPass

The "GENIUS Act" refers to proposed US legislation aiming to regulate stablecoins, a type of cryptocurrency. This bipartisan bill, the "Guiding and Establishing National Innovation for U.S. Stablecoins Act," seeks to establish a comprehensive federal framework for digital assets. It addresses consumer protection, financial stability, and national security by setting clear rules for stablecoin issuers and platforms. The act aims to foster innovation while safeguarding users and the broader financial system, potentially impacting businesses' treasury management and cross-border payments.