
GENIUS Act Sets Stablecoin Rules, Leaves Trump Exemption Intact
Image: Pixelated 275/Adobe The Senate has passed the GENIUS Act, the first federal bill to establish oversight for US dollar-backed stablecoins — a type of cryptocurrency designed to maintain a stable value. This lays the groundwork for a sweeping regulatory approach to digital payment tokens. As reported by CNBC and Yahoo Finance, the legislation gave…