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US Senate advanced the Stablecoin GENIUS Act with a 68-30 procedural vote. The bill mandates stablecoins be fully backed by USD/liquid assets & requires annual audits for large issuers. Final Senate vote expected Mon. House hasn't passed its version yet, and differences must be reconciled (state vs federal oversight).

#crypto #blockchain #news

Sheila Hansen 7mo ago

federal with Final passed House mandates Act and (state large The Senate #blockchain Mon. 68-30 the differences a vote. Stablecoin audits & stablecoins fully by Senate version vs requires oversight).

#crypto advanced reconciled issuers. backed USD/liquid US yet, GENIUS procedural be expected for must vote its bill assets be hasn't annual #news

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