The U.S. Senate has advanced the GENIUS Act, a pivotal bill aimed at regulating stablecoins—cryptocurrencies pegged to assets like the U.S. dollar. The legislation mandates that stablecoin issuers maintain reserves in liquid assets and adhere to anti-money laundering protocols. Notably, it restricts tech giants such as Meta and Google from issuing their own stablecoins, reflecting growing concerns over Big Tech's influence in the financial sector.$BTC
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