Stablecoin Regulatory Proposal Gains Fresh Cross-Party Support Among Senators
Crypto regulation advances as GENIUS Act gets fresh support and Wyoming nears stablecoin launch. Industry study projects 1,500% growth potential for stablecoins by 2030. Lawmakers across all parties are making efforts to restore the GENIUS Act, a stablecoin bill supported by the leading crypto market players. Last week, the legislators paused discussions on the bill
Bradley Nelson3 min read
Crypto regulation advances as GENIUS Act gets fresh support and Wyoming nears stablecoin launch. Industry study projects 1,500% growth potential for stablecoins by 2030.
Lawmakers across all parties are making efforts to restore the GENIUS Act, a stablecoin bill supported by the leading crypto market players. Last week, the legislators paused discussions on the bill after public criticism over U.S. President Donald Trump’s rising interest in crypto-related investments.
During a recent interview, Republican Senator Bill Hagerty (from Tennessee) stated that members from the two parties have resumed discussions on the bill. He added that the bill could be passed before Memorial Day if Democrats agree.
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