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TechFlow reports, on March 13, U.S. Senator Cynthia Lummis disclosed that the Senate Banking Committee will today review the GENIUS Act.
The bill, introduced by Senator Bill Hagerty, includes key provisions such as clearly defining payment stablecoins, establishing a clear licensing process for institutions seeking to issue stablecoins, and promoting responsible innovation while protecting consumer rights.
According to U.S. Senator Cynthia Lummis, the Senate Banking Committee will review the GENIUS Act today. Proposed by Senator Bill Hagerty, the bill primarily includes: clearly defining payment stablecoins, establishing a clear licensing process for institutions seeking to issue stablecoins, and promoting responsible innovation while protecting consumer rights.
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