GENIUS stablecoin act was supported by crypto industry, including the Blockchain Association, which praised it as a thoughtful step forward in establishing commonsense and responsible guardrails for stablecoin innovation

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The GENIUS Act has garnered support from some in the crypto industry, including the Blockchain Association which called the bill "a thoughtful step forward for commonsense, response guardrails for stablecoin innovation," in a post on X on Wednesday.