Republican Lawmaker Warns GENIUS Act Opens Door To Layered CBDCs

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On Friday, US President Donald Trump signed the GENIUS Act into law, marking a pivotal moment for stablecoin regulation in the United States. After months of debate and two previous rejections, the bill finally passed through Congress, setting a clearer legal framework for payment stablecoins and their role in the broader digital economy. The legislation aims to boost innovation while reinforcing the US dollar’s position in the digital financial system. However, the bill did not pass without res...