Stablecoin adoption among institutions could surge as the United States Senate prepares to debate a key piece of legislation aimed at regulating the sector.
data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/digital-asset-hearing-objection-donald-trump-crypto-corruption” title=”null”>After failing to gain support from key Democrats on May 8, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed the US Senate in a 66–32 procedural vote on May 20 and is now heading to a debate on the Senate floor.
The bill seeks to set clear rules for stablecoin collateralization and mandate compliance with Anti-Money Laundering laws.
Related: data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/german-gov-t-missed-2-3b-bitcoin-profit-sold-btc-57k” title=”null”>German gov’t…
