This week, Congress has a rare opportunity to move forward on key legislation that could shape the future of stablecoins and digital asset markets. Coinbase CEO Brian Armstrong is calling on the Senate to begin debate on the GENIUS Act, a bill aimed at establishing clear rules for stablecoin issuers.
To get things moving, the Senate needs at least 60 votes. At the same time, there is growing support in the House to build on recent momentum from the FIT21 framework.
The GENIUS Act lays out a federal licensing process for stablecoin issuers, requires issuers to hold enough reserves to protect consumers and introduces a dual regulatory structure – larger issuers would be overseen by federal…
