According to BlockBeats, Circle, the issuer of USDC, announced that the U.S. House of Representatives has voted to approve the GENIUS Act, which is now awaiting the President's signature. This legislation is considered crucial for the future of currency and internet financial systems, indicating strong bipartisan support for responsible innovation. It underscores the United States' commitment to leading in the regulation of dollar-backed payment stablecoins.
Circle commended congressional leaders for establishing a regulatory framework that prioritizes consumer protection, financial integrity, and American competitiveness.
