<ul><li>The US Senate Banking Committee has advanced the GENIUS Act, aimed at regulating stablecoins, through a bipartisan vote.</li><li>The proposed bill seeks to provide regulatory clarity and oversight to stablecoins, enabling cheaper and faster transactions.</li><li>Senator Elizabeth Warren has expressed concerns about the bill, citing potential risks to consumers and the broader economy.</li><li>The GENIUS Act includes provisions for reserve backing, licensing requirements, and transparency measures for stablecoin issuers.</li></ul>

Senate Fast-Tracks Stablecoin Legislation Despite Opposition From Elizabeth Warren

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