US Congress In the crypto currency ecosystem, he is preparing to vote that will move the stones. The abbreviation of the phrase “Guiding and Empowering the Nation for Innovation in Us Stablecoins” GENIUS ACT According to information from Washington directly, it can pass through the Senate next week. Director and Melek Investor Paul BarronAccording to the backstage of the bill, the bill will not only draw clear limits for Stablecoins, but will also redefine America’s position in the digital finance race. Senators Kirsten Gillibrand with Cynthia lummisThe bill of law presented in March 2024 has created a wide support base from the White House to the congress corridors.
GENIUS ACT opens new doors to small players
GENIUS ACT stablecoinIt aims to create a ground that does not drown innovation while making the ‘s compatible with banking regulations. Gillibrand and Lummis’in the frame reserve transparency, consumer protection and control processes clarifying the process of unnecessary bureaucracy takes care not to open the door. According to Barron, the law will enable the attempts to “be limited to the money but have a great idea” attempts to flourish within the US borders. Blockchain start-ups, which have been overwhelmed by the regulatory uncertainty for years, will be weakened by the reason to migrate abroad.
The president of the arrangement in the backstage Donald TrumpIt is also spoken that it coincides with the vision of digital finance. The Trump Front argues that stablecoins can strengthen the global role of the US dollar and sees the bill as a means of national competitive advantage.
If the law passes through the Senate US Treasury Department and the Federal Reserve (FED) will prepare a joint licensing regime. Regardless of this regime scale, each exporter will be supported by transparency rules that will increase the confidence of investor.
Warren’s effort to block the bill was wasted
Senator Elizabeth Warren The opposition, led by the bill, accelerated last -minute attempts to brake the bill. Warren argues that stablecoins opens the door to the risks of money laundering and consumer victimization. Senator stated that he would vote for the law unless the additional audit layers were added. However Republican and center Democrat Support on the wing has largely locked the agenda of the Assembly.
As soon as the bill passes through the Senate House of RepresentativesIf the approval of the approval, the process of entering into force can be completed until the end of the year. The application calendar contains detailed milestones from reserve reporting to the auditor selection.
Considering the increasing competition on a global scale, the US’s lagging behind regulatory clarity can weaken its ability to attract investment. Therefore, GENIUS ACT stands out not only a legal move, but as a strategic leverage that can directly affect capital flow and technological brain drain.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
