U.S. Senate Passes GENIUS Act to Regulate Stablecoins

Binance Blog published a new article, highlighting the U. S. Senate's recent approval of the GENIUS Act, a pioneering legislative effort to establish a national framework for regulating payment stablecoins. This landmark bill, passed with a 68-30 vote, aims to set stringent guidelines on reserves, transparency, and consumer protections while prohibiting algorithmic and interest-bearing stablecoins source: https://www.binance.com/en/square/post/25865645747137?utm_source=BinanceNewsRSS