‘GENIUS’ hopes to bring clarity for US-backed stablecoins

Quick Summary:

To balance innovation and security, the U.S.has proposed the GENIUS Act, which sets forth clear procedures for licensing and standards for stablecoins.

The post ‘GENIUS’ hopes to bring clarity for US-backed stablecoins appeared first on CoinGeek.

On Tuesday, Hagerty posted on X that he was looking forward to working with McHenry’s successor, new House Financial Services Committee chair Rep.

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Article Details

Author / Journalist: James Field

Category: Crypto

Markets: CanadaBahrainIndiaUnited Arab EmiratesUnited States

Topics: Regulation Finance Algorithmic Stablecoins Stablecoins Guiding and Establishing National Innovation for US Stablecoins Act GENIUS Act

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 14:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 737 words

Reading Time: 5 minutes read

Sentences: 20 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 25930288

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