US House Passes GENIUS Act to Regulate Stablecoins
The U.S. House passed the GENIUS Act by 308-122, setting the first federal rules for stablecoins. President Trump is poised to sign; two other crypto bills await Senate review.
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GENIUS or Folly? US Stablecoin Plan Could Spark Global Contagion
The US GENIUS Act legalizes stablecoins backed by Treasuries but risks global financial contagion, prompting calls for dedollarization and stronger safeguards.