The Potential Impacts of the GENIUS Act on Banking Regulations
By EsqSocial Corporation 25/04/25
On March 13, the U.S. Senate Committee on Banking, Housing, and Urban Affairs voted to advance the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act through committee. According to Chairman Tim Scott’s remarks addressing its legislative markup, the GENIUS Act is intended to provide clarity to both financial institutions and consumers on digital assets, and “is a bipartisan step forward in ensuring stablecoins are safe and reliable tools in the financial system.” By...
By: Dinsmore & Shohl LLP