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Senators Amend GENIUS Act Before Final Vote, What’s New?

Senators Amend GENIUS Act Before Final Vote, What’s New?

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-15 19:12:02
0

The U.S. Senate is racing to finalize the GENIUS Act, a bipartisan stablecoin regulation bill, with last-minute amendments circulating ahead of the final vote. Key updates focus on consumer protections, bankruptcy protocols, and ethics provisions—an effort to address concerns about systemic risks and corporate overreach.

New restrictions targeting Big Tech’s stablecoin issuance capabilities signal growing scrutiny of tech-finance convergence. The revised text, obtained by FOX journalist Eleanor Terrett, reflects months of negotiation between lawmakers and industry stakeholders.

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