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How Lawmaker Revisions to GENIUS Act Could Impact US Stablecoin Market

  • U.S. lawmakers are proposing revisions to the GENIUS Act, aiming to provide regulatory clarity for dollar-backed stablecoins within the country.
  • Negotiations for the GENIUS Act are ongoing, with Democrats seeking amendments around consumer protection, bankruptcy, and financial controls for stablecoin issuers.
  • The revised GENIUS Act includes provisions for consumer protection laws, bans on promoting yield features, and restrictions on certain companies issuing stablecoins.
  • The bill could redefine the future of finance in America by addressing stablecoin market regulations and balancing innovation with oversight.

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