U.S. Treasury Advances GENIUS Act to Regulate Stablecoins

The U.S. Treasury has opened a second round of comments on the implementation of the GENIUS Act, aimed at establishing regulations for stablecoins. This initiative invites public and industry feedback, marking a significant step towards creating a regulatory framework that enhances the stability and security of digital currencies. The process is expected to address concerns related to illicit activities and foster trust in the evolving crypto landscape.