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#GENIUSActPass The GENIUS Act Passes in the U.S. Senate with 68 to 30 Votes: A Key Step Towards Cryptocurrency Regulation
In a significant milestone for the digital asset industry, the U.S. Senate passed the GENIUS Act with a resounding support of 68 to 30 votes, marking a crucial advance towards a stable regulatory framework for cryptocurrencies and stablecoins in the country.
What Does This Approval Mean?
The GENIUS Act seeks to establish clear regulations for stablecoin issuers, promoting responsible innovation and protecting consumers. According to analysts, this regulation could accelerate digital payments and bring the U.S. closer to widespread adoption of digital assets.
A representative of the Democratic People's Republic of Korea highlighted that efficient regulation could facilitate faster transactions, boosting the utility of stablecoins in global trade.
In a significant milestone for the digital asset industry, the U.S. Senate passed the GENIUS Act with a resounding support of 68 to 30 votes, marking a crucial advance towards a stable regulatory framework for cryptocurrencies and stablecoins in the country.
What Does This Approval Mean?
The GENIUS Act seeks to establish clear regulations for stablecoin issuers, promoting responsible innovation and protecting consumers. According to analysts, this regulation could accelerate digital payments and bring the U.S. closer to widespread adoption of digital assets.
A representative of the Democratic People's Republic of Korea highlighted that efficient regulation could facilitate faster transactions, boosting the utility of stablecoins in global trade.
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