Senators urge Treasury ensure state authority in GENIUS application
A bipartisan group of US senators told the Treasury that its application of stablecoin laws should be done in a way that “preserves and promotes […]
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A bipartisan group of US senators told the Treasury that its application of stablecoin laws should be done in a way that “preserves and promotes […]
The launch comes amid growing competition among financial institutions to manage assets backing dollar-pegged stablecoins.
The Genius Act is a US law aimed at establishing federal oversight for stablecoin issuers, setting rules for reserves, redemption rights, and licensing requirements.
