BITPRISMIA
Senator Elizabeth Warren criticizes the GENIUS Act for being overly influenced by the crypto industry, warning it could lead to financial instability similar to the 2008 crisis due to insufficient regulation.
The stablecoin market has seen significant growth following the signing of the GENIUS Act, which provides regulatory clarity and reduces enforcement risks for institutions entering the market.
Tether is preparing to comply with the GENIUS Act to gain formal U.S. market access for USDT, aiming to enhance its legitimacy, expand market reach, and set a precedent for stablecoin regulation.
President Trump signed the GENIUS Act into law, establishing a comprehensive regulatory framework for stablecoins in the U.S., marking a pivotal moment for digital assets in the traditional financial system.
The White House is set to pass the Genius Act, a landmark legislation aimed at establishing a comprehensive regulatory framework for stablecoins in the U.S., which could significantly impact the crypto market and attract institutional investment.
The US stablecoin bill, known as the GENIUS Act, is advancing towards a crucial vote on July 16, aiming to establish a regulatory framework for stablecoins and address industry concerns following past market failures.
Bo Hines predicts that the passing of stablecoin regulation, particularly the Genius Act, could propel the crypto industry to a $15-20 trillion market cap by providing regulatory clarity and modernizing financial systems.