Anonymous
03/15/2025 (Sat) 20:55
No.62810
del
>The Senate Banking Committee gave an initial thumbs-up to the Genius Act, which would create a regulatory framework for the cryptocurrency known as stablecoins. The bill sets up licensing guidelines and creates reserve requirements, as well as other ground rules for those who want to issue payment stablecoins.
>Supporters of the legislation say it will improve transaction efficiency, free up capital and drive U.S. Treasury demand.
>Sen. Elizabeth Warren, D-Mass., opposed the bill, saying it does not sufficiently address issues in the current crypto marketplace.
Have to look up the Genius Act.