#CryptoRegulation 🇺🇸 U.S. Senate Moves Forward with Stablecoin Bill

The U.S. Senate is advancing the GENIUS Act, a landmark bill to regulate stablecoins. It requires all stablecoins to be backed by safe, liquid assets and follow anti-money laundering rules. It also provides protections for users in case of bankruptcy. Some lawmakers are raising concerns about tech giants like Meta potentially issuing their own stablecoins

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