After a tightly contested procedural decision, the House of Representatives in the United States successfully pushed forward significant cryptocurrency legislation on Wednesday. The proposed laws include both a framework for regulating stablecoins and guidelines for the digital asset market’s structure. By a close margin of 215 to 211, the House voted to proceed with the “GENIUS Act,” officially titled the Guiding and Establishing National Innovation for U.S. Stablecoins Act. This act is designed to establish federal regulatory supervision of companies that issue stablecoins and potentially influence […]
