โ›”๏ธ The GEN Law is stalled in the Senate



๐Ÿ‡บ๐Ÿ‡ธ The United States Senate unexpectedly rejected the GENIUS Act, a bill aimed at establishing a comprehensive regulatory framework for the issuance and supervision of stablecoins.

โŒ The initiative was rejected by just one vote difference.

For Treasury Secretary Scott Bessent, "this bill represented a unique opportunity to expand the dominance of the dollar. Without it, stablecoins will be subject to a heterogeneous set of state regulations rather than a simplified federal framework that favors growth and competitiveness."
EL1.79%
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