<ul><li>Banks and their allies are pushing against the GENIUS Act, which aims to regulate stablecoins in the US.</li><li>The bill requires 60 votes to pass in the Senate, making it a challenging task.</li><li>US Senator Elizabeth Warren is proposing an amendment to prohibit tech firms from issuing stablecoins.</li><li>Stablecoins are disrupting finance and banking due to their efficiency in cross-border payments and peer-to-peer transactions.</li></ul>

Banks push to block stablecoin legislation over market share fears

Discover more