The GENIUS Act introduces groundbreaking measures designed to prevent dominance by Big Tech and traditional banks in the U.S. stablecoin sector. By requiring separate legal entities and enforcing strict oversight, the Act aims to ensure a competitive, transparent market that benefits consumers and strengthens the dollar. While it bans interest-bearing stablecoins to protect stability, this may fuel growth in decentralized finance platforms. Passed with strong bipartisan support, the legislation provides clear regulatory pathways that could propel stablecoins to become a dominant force in global digital currencies.
Continue to read GENIUS Act Targets Big Tech and Wall Street to Safeguard U.S. Stablecoin Market Leadership
The GENIUS Act introduces groundbreaking measures designed to prevent dominance by Big Tech and traditional banks in the U.S. stablecoin sector. By requiring separate legal entities and enforcing strict oversight, the Act aims to ensure a competitive, transparent market that benefits consumers and strengthens the dollar. While it bans interest-bearing stablecoins to protect stability, this may fuel growth in decentralized finance platforms. Passed with strong bipartisan support, the legislation provides clear regulatory pathways that could propel stablecoins to become a dominant force in global digital currencies.
Continue to read GENIUS Act Targets Big Tech and Wall Street to Safeguard U.S. Stablecoin Market Leadership
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