US GENIUS Act Enacted: New Regulations Drastically Reshape Stablecoin Market, Boost DeFi
US GENIUS Act Enacted: New Regulations Drastically Reshape Stablecoin Market, Boost DeFi The landmark Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act has officially passed, introducing stringent new regulations designed to prevent technology giants and Wall Street banks from dominating the burgeoning stablecoin market. The legislation, which secured significant bipartisan support last week with over 300 House votes, including 102 Democrats, is set to redefine the landscape for digital currencies in the United States. A pivotal clause within…