Editor's PiCK
US House of Representatives officially receives the stablecoin bill 'Genius Act'
YM Lee
Summary
- The US House of Representatives has officially received the Genius Act, a stablecoin bill.
- The Genius Act was explained as a bill providing a legal framework for the issuance and operation of stablecoins.
- It is anticipated that this bill will play a decisive role in incorporating stablecoins into the institutional system.
It has been confirmed that the US House of Representatives has officially received the stablecoin bill, Genius Act.
On the 25th (local time), Eleanor Terrett, the host of Crypto in America, announced on her X (formerly Twitter) account, "The US House of Representatives officially received the Genius Act from the Senate yesterday afternoon."
The Genius Act is a bill that provides the legal framework for the issuance and operation of stablecoins, and is expected to play a decisive role in integrating stablecoins into the institutional system.
YM Lee
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