GENIUS Act passes Senate
The Senate just passed the bipartisan GENIUS Act, a landmark stablecoin bill, by a 68-30 vote. Attention now turns to whether and how the House of Representatives will advance its version of stablecoin legislation, the STABLE Act. Our client update breaks down the GENIUS and STABLE Acts – highlighting key similarities, differences, and what may lie ahead as Congress aims to finalize legislation by August.
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