Senate Passes GENIUS Act: First-of-its-Kind Crypto Stablecoin Regulation

This week the Senate passed a landmark piece of crypto legislation called the GENIUS Act. It is a first-of-its-kind bill that would regulate stablecoins. This is a big deal for the crypto world and for the millions of American crypto investors. And even if you don’t understand crypto or stablecoins it’s important for you to understand what this bill does and understand the fact that the United States government is now entering into the new world of crypto.