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Alabama Lawmaker Raises Alarm On GENIUS Act’s Impact On Small Banks

Alabama State Senator Keith Kelley has expressed concerns that the GENIUS Act, enacted on July 18, 2025, may lead to significant deposit outflows, negatively impacting rural community banks.

WPN Brief

Alabama State Senator Keith Kelley has expressed concerns that the GENIUS Act, enacted on July 18, 2025, may lead to significant deposit outflows, negatively impacting rural community banks.
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