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Blockchain Association Defends GENIUS Act as Banks Fear Stablecoin Power Shift - Invest In Crypto News

Backed by bipartisan law and clear oversight, the GENIUS Act is fueling stablecoin innovation, safeguarding consumers, attracting investment, and reinforcing U.S. leadership in the global financial race. GENIUS Act Defended as Catalyst for Stablecoin Innovation and US Financial Leadership The debate over stablecoin regulation has intensified as U.S. banks and digital asset companies clash over […] Source link The post Blockchain Association Defe…

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Greater Phoenix In Business Magazine

GENIUS Act Sets Rules for Stablecoins, Promising Quicker, Lower-Cost Payments for SMBs - Greater Phoenix In Business Magazine

Stablecoins are digital tokens designed to maintain a stable value by being backed by assets such as U.S. dollars or government bonds. This summer, the GENIUS Act became law and requires stablecoin issuers to be licensed, audited and backed by safe assets. Regulations will roll out over the next 12 months, with full implementation no…

16 hours ago

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