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Congress Introduces New Law To Manage Stablecoins

  • The U.S. Congress has introduced the STABLE Act to improve oversight and transparency of Stablecoins.
  • The STABLE Act aims to implement financial protections and regulatory measures as the Stablecoin market grows.
  • The U.S. Senate Banking Committee is working on the GENIUS Act, which offers a different regulatory approach for managing Stablecoins.
  • Both the STABLE Act and GENIUS Act seek to bring clarity and stability to the evolving Stablecoin market.

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