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The Republican-led GENIUS Act saw a raft of changes after bipartisan discussions, and the Senate Banking Committee will vote on the stablecoin bill on March 13. US Senate Banking Committee is set ...

The GENIUS Act is sponsored by Senators Bill Hagerty (R-TN), Tim Scott (R-SC), Chairman of the Senate Banking Committee, Kirsten Gillibrand (D-NY), Cynthia Lummis (R-WY), and Angela Alsobrooks (D-MD).

The GENIUS Act is an ill-conceived bill that will allow the largely unregulated sale of stablecoins to the public. The risks it poses for investors, the financial system and the broader economy are ...

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