US Senators Push GENIUS Act for Stablecoin Oversight!

In the land of regulatory chaos (yes, I mean the US), the Senate has advanced the GENIUS Act to establish a framework for stablecoins—digital currencies pegged to traditional assets. The act seeks clarity on who can issue stablecoins. Meanwhile, in the House, the Blockchain Regulatory Certainty Act aims to protect developers not holding customer funds, co-sponsored by @RepTomEmmer and Ritchie Torres. Crypto adoption is rising, especially among minority communities, urging Congress to finally listen. Is this bureaucracy moving in a sane direction? We’ll see.