Under the bill, stablecoins could be issued in the U.S. under either federal or state supervision. It even allows some non-financial companies to create their own coins, a point that has raised concerns among some Democrats.
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Breaking: US Senate Approves ‘GENIUS Act’ to Regulate Stablecoins
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GENIUS Act includes a provision to allow non-financial companies to issue stablecoins, which remains a point of contention
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