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Senate Set to Pass GENIUS Act Regulating Stablecoins

The U.S. Senate is expected to approve the GENIUS Act today—a landmark bipartisan bill establishing the first comprehensive stablecoin framework. It includes consumer protections and bans members of Congress (but notably not the President) from profiting from stablecoins. While praised by industry leaders like Coinbase’s CEO and the Treasury Secretary, critics—such as Sen. Elizabeth Warren—warn the bill creates a "super highway" for presidential conflicts of interest

By Sultan Sikander | June 17, 2025 | 0 Comments