Source : Click Here
The U.S. Senate has advanced the GENIUS Act, a major step toward regulating the $238 billion stablecoin market a move that could reshape how crypto, banking, and retail payment systems evolve.
The bill aims to bring clarity and trust to stablecoins like USDC and USDT, while opening the door for banks and fintechs to issue their own digital currencies.
“It’s a step in the right direction for everyone,” says Bezalel Eithan Raviv, CEO of Lionsgate Network. “Let’s give it a try it will ripple in many ways.”
Key Points:
-
Creates a framework for regulated stablecoin issuance
-
Could spark competition and lower payment processing fees
-
May push Visa, Mastercard, and merchants toward stablecoin options
-
Critics warn of weak guardrails and potential for favoritism
Whether you’re into crypto or not, the GENIUS Act could impact how you pay, bank, and invest in the years ahead.
