Wu Blockchain (@WuBlockchain): The U.S. Senate Banking Committee has approved the first committee passage of the GENIUS Act, a bill aimed at regulating U.S. stablecoin issuers at th…
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The U.S. Senate Banking Committee has approved the first committee passage of the GENIUS Act, a bill aimed at regulating U.S. stablecoin issuers at the federal level. The bill now requires approval from the full Senate, while a similar version is under review in the House of Representatives. The committee advanced the bill with an 18-6 vote, but reconciliation between the Senate and House versions is still needed. coindesk.com/policy/2025/03…