#GENIUSAct
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GENIUS Act Update
The US Senate has voted on the GENIUS Act, paving the way for digital asset regulation. According to Eleanor Terrett, a crypto journalist, the vote outcome is seen as a positive step towards establishing clear rules for digital assets. Josh Vlasto, spokesperson for the crypto policy organization CEDAR, congratulated the Senate on the vote outcome, stating it clears the path for Congress to enact market structure legislation ¹.
GENIUS Act's Purpose
The GENIUS Act aims to strengthen the US financial future by providing a clear regulatory framework for digital assets. Bo Hines, Executive Director of the Presidential Digital Asset Advisory Board, shared that the act focuses on maintaining dollar dominance in the digital asset space ².
Impact on Digital Assets
The GENIUS Act's passage could have significant implications for the digital asset market. With clear regulations in place, investors and users can expect increased stability and security. The act's focus on market structure legislation could also lead to more transparency and accountability in the industry ¹.
Related News
For the latest updates and articles on the GENIUS Act, you can check out Binance News, which covers the Senate's vote and its potential impact on digital asset regulation ³.