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BTCC / BTCC Square / Global Cryptocurrency /
U.S. Senate Moves Forward with GENIUS Act to Regulate Stablecoins

U.S. Senate Moves Forward with GENIUS Act to Regulate Stablecoins

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-21 23:14:02
0

The U.S. Senate has advanced the GENIUS Act, marking a pivotal step toward establishing a federal regulatory framework for stablecoins. The legislation, officially titled the Guiding and Establishing National Innovation for U.S. Stablecoins Act, cleared a filibuster with a 66-32 vote, signaling bipartisan support.

Co-sponsored by Senators Kirsten Gillibrand (D-NY) and Bill Hagerty (R-TN), the act aims to enhance consumer protections and address national security concerns tied to digital assets. Its progress reflects growing institutional recognition of stablecoins’ role in the financial ecosystem.

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

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