crypto.news15 minutes ago

Published on April 13, 2025 11:19 GMT+00:00edited on April 13, 2025 11:19 GMT+00:00

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The new United States stablecoin bill, known as the “Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act,” is a big move for safeguarding blockchain innovation in the US. Sponsored by Senator Bill Hagerty (R-Tenn.), it marks a rare moment of bipartisan support for establishing a clear regulatory framework for one particular facet of the digital assets industry: namely, an area that has potential to establish meaningful guidelines around licensing and oversight, transparency and reserve standards, and consumer protection and AML/KYC. 

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