The Regulatory Tides Bolstering Stablecoins

The regulation of stablecoins has undergone a dramatic shift. On June 17, the Senate passed the Genius Act with bipartisan support, a sweeping stablecoin bill creating federal frameworks for dollar-pegged stablecoins. The Stable Act, which is a substantively similar bill in the House, passed out of a committee vote in April and is waiting to be brought to the House floor for a final vote. Although the bills are similar in substance, there may need to be negotiations between the House and Senate to reconcile meaningful differences. READ MORE