What is Stablecoin Regulation Bill? US Senate advances...

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What is Stablecoin Regulation Bill? US Senate advances first-of-its-kind cryptocurrency legislation

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The US Senate has moved forward with the Genius Act, a bill designed to regulate stablecoins. Despite Democratic concerns about President Trump's potential conflicts of interest due to his cryptocurrency ventures, the bill passed a key procedural vote. It introduces comprehensive regulations for stablecoins, including reserve requirements and consumer protections.

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