📢 Advances in the GENIUS Act: What does it mean for stablecoins in the U.S.?
The bill seeking to regulate stablecoins in the United States, the GENIUS Act, has taken an important step in the Senate, moving closer to possible approval. However, some lawmakers still have doubts, particularly regarding consumer protection and national security, which could lead to further discussions and adjustments.
🔹 Latest updates:
✅ Key vote in the Senate: The closure of the debate was approved with 68 votes in favor and 30 against, a crucial step towards final approval.
⚖️ Concerns and negotiations: Some Democrats called for changes to the text to strengthen user protection and security aspects.
📌 Possible majority support: After adjustments, some initial opponents now support the bill, increasing the chances of its approval.
➡️ Next steps: If approved in the Senate, it will pass to the House of Representatives for final review.
⚠️ Some senators, such as Josh Hawley and Rand Paul, maintained their opposition, arguing concerns about the regulatory framework.
🌍 Global context: In a parallel move, Hong Kong also passed a law to regulate stablecoins, reflecting a global trend towards greater clarity in this sector.
Do you think this regulation will benefit the crypto ecosystem? Share your opinion! 👇 #Stablecoins #CryptoRegulation #BinanceSquare