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Senate proposes GENIUS Act to provide clarity on stablecoin, payments

Bipartisan bill subjects stablecoin issuers of more than $10B to federal oversight

byVaidik Trivedi

May 7, 2025

in Crypto & Defi

Reading Time: 4 mins read

Bitcoin Btc, Ripple, Ethereum, Cpu Central Processor On Digital Pc Motherboard Cryptocurrency Mining

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Photographer: Daniel Acker/Bloomberg via Getty Images

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The Truth Social website on a smartphone arranged in New York, US, on Friday, March 22, 2024. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump's media business in a Friday vote. That means Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will soon begin trading on the Nasdaq stock market, reported the AP. Photographer: Gabby Jones/Bloomberg via Getty Images

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Senate proposes GENIUS Act to provide clarity on stablecoin, payments

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