#GENIUSActPass

The GENIUS Act – which is led by Senator Bill (.) and also cosponsored by Senator Kirsten (D-N.Y.), Senator Cynthia Lummis (.), and Senator Angela Alsobrooks (D-Md.) – establishes a first of its kind regulatory framework for payment protecting consumers and strengthening The GENIUS Act's primary purpose is to create the first federal regulatory framework for payment stablecoins. , especially dollar pegged ones like Tether USDT and Circle's USDC, have grown into essential plumbing for the crypto economy but largely lack dedicated federal oversig