US senate passes the Genius Act with 68 to 30 votes: First big step towards regulating stable coins at the federal level.

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Der US-Senat hat den GENIUS Act mit einer Zustimmung von 68 zu 30 Stimmen verabschiedet. Dieser Gesetzesentwurf stellt den ersten bedeutenden bundesweiten Schritt zur Regulierung von Stablecoins dar. Stablecoins sind digitale Währungen, die an den Wert eines stabilen Vermögenswerts, meist einer Fiat-Währung wie dem US-Dollar, gekoppelt sind. Die Verabschiedung des GENIUS Act wird als wegweisend …
The US Senate passed the Genius Act with an approval of 68 to 30 votes. This draft law represents the first significant nationwide step towards regulating stable coins. Stable coins are digital currencies that are linked to the value of a stable asset, usually a fiat currency such as the US dollar. The adoption of the Genius Act becomes pioneering ... (Symbolbild/KNAT)

The US Senate passed the Genius Act with an approval of 68 to 30 votes. This draft law represents the first significant nationwide step to regulate stable coins. Stable coins are digital currencies that are linked to the value of a stable asset, usually a fiat currency such as the US dollar.

The adoption of the Genius Act is considered pioneering for the future of cryptocurrencies in the United States. The regulation of stablecoins aims to minimize potential risks for financial stability and at the same time promote consumer protection. With clear regulations and framework conditions for stable coin providers, both investors and consumers are to be protected from possible financial risks.

The discussion about the regulation of stablecoins has grown steadily in recent years because interest in digital currencies has increased in a leap. With the acceptance of the Genius Act, it is expected that more clarity will be created in relation to the legal and financial aspects of stable coins. This could promote both the growth of the market for digital currencies and strengthen the public's trust in this area.

Overall, the adoption of the Genius Act represents a significant step in the development of a regulated financial landscape for digital currencies. It remains to be seen what effects this regulation will have on the StableCoin market and the broad use of cryptocurrencies.