INSUBCONTINENT EXCLUSIVE:
The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, is one step closer to becoming law in the US after the
US Senate voted to pass an amended version of the bill.In a Tuesday vote of 68-30, a majority of the US Senate chose to pass the GENIUS Act
roughly six weeks after Tennessee Senator Bill Hagerty introduced the legislation
stablecoin legislation will have enough support to pass in the House, where Republicans also hold a slim majority over Democrats
framework, it could potentially open the floodgates for companies to issue their own tokens
Apple, Google, social media platform X and Airbnb were reportedly looking into the matter amid debate on the GENIUS Act, and two US senators
the House are still waiting for a vote on the CLARITY Act to establish clear market structure rules for digital assets
Versions of the bill passed through the House Agriculture Committee and House Financial Services Committee last week and are expected to be
said Bartlett Naylor, financial policy advocate for consumer advocacy organization Public Citizen, in a statement shared with Cointelegraph
on the GENIUS and CLARITY legislation
interest, insider trading questions
