Stablecoin Bill Aims to Bring US Payments into 21st Century: Senator Hagerty
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A recent social media post from Senator Bill Hagerty has provided a deeper insight into The GENIUS Act, which many also refer to as the stablecoin bill. This proposed legislation, according to the Senator, aims to modernize and strengthen the United States’ financial infrastructure. Stablecoin Bill Will Boost Payment Efficiency and US Dollar Dominance At its core, the GENIUS Act seeks to propel America’s payment system into the 21st century. It means that the country wants to modernize its approach to payments by including new technology or making existing methods more efficient. By passing the stablecoin bill, people and businesses can have safer, quicker and smoother financial activities. This updated system would tackle restrictions such as slow payments, costlier transactions and problems from cyber criminals using outdated technology. The listing of the RLUSD stablecoin on its fourth crypto exchange is an example of the rapid adoption of these cryptocurrencies. A… Read More at BitcoinLinux.com
Key Highlights Senator Bill Hagerty said the CLARITY Act has enough momentum to pass and urged lawmakers to act quickly. He pointed to the GENIUS Act as proof that targeted crypto legislation can succeed. Hagerty said passing the bill would strengthen U.S. leadership in digital assets and financial innovation. U.S.…
U.S. President Donald Trump has called on the House of Representatives to rapidly pass the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, following its successful passage in the Senate earlier this week. In a post on Truth Social on Thursday, Trump praised the bill as a major…
The U.S. Senate recently moved forward with the GENIUS Act to control stablecoins and facilitate digital dollar developments. The proposed bill has strong support from lawmakers and crypto companies, which boosts its likelihood of becoming an official law. If passed, it could build trust, promote institutional adoption, and push the…