Senator Bill Hagerty secured bipartisan support for the GENIUS Act by adding conflict-of-interest and consumer-protection provisions

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Introduced in February, the bill floundered last month when pro-crypto Democrats threatened to walk away from negotiations over concerns it didn’t adequately protect consumers, the financial system, or national security.

The GENIUS Act was updated after the fracas to include additional language on conflicts of interest, one concession that got many Democrats back on board.