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Can Senate’s GENIUS Stablecoin Bill Keep Companies Smart on Crypto?

Summary by PYMNTS.com
No matter how groundbreaking the impact, innovations can’t outrun regulation forever, particularly when that innovation occurs in the highly regulated space of payments and financial services. Enter the humble stablecoin, which now has a growing list of regulatory frameworks centered on ensuring its nominal stability attracting attention on Capitol Hill. Stablecoins, like much of cryptocurrency, have operated under a regulatory gray area in the …
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PYMNTS.comPYMNTS.com

Can Senate’s GENIUS Stablecoin Bill Keep Companies Smart on Crypto?

No matter how groundbreaking the impact, innovations can’t outrun regulation forever, particularly when that innovation occurs in the highly regulated space of payments and financial services. Enter the humble stablecoin, which now has a growing list of regulatory frameworks centered on ensuring its nominal stability attracting attention on Capitol Hill. Stablecoins, like much of cryptocurrency, have operated under a regulatory gray area in the …

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Ledger InsightsLedger Insights

Are the U.S. stablecoin Bills too lax? - Ledger Insights - blockchain for enterprise

Professor Arthur E. Wilmarth Jr. of the George Washington University, believes that the US Senate’s GENIUS stablecoin Bill contradicts its name and would “create a dangerously weak regulatory regime for stablecoins.” The law professor wrote an article on the topic in American Banker, and a longer policy brief. While some of his recommendations are controversial, […] The post Are the U.S. stablecoin Bills too lax? appeared first on Ledger Insight…

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American BankerAmerican Banker

Senate stablecoin bill is deeply flawed

The Hagerty bill, contrary to its lofty title, would create a dangerously weak regulatory regime for stablecoins. That deeply flawed regime would pose grave and unacceptable dangers to consumers, investors, our financial system and our economy.

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American Banker broke the news in on Thursday, March 6, 2025.
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