The GENIUS Act opened the door for stablecoins, but regulators want to narrow it
Stablecoin issuers spent years asking Washington for clear guidelines, and now these guidelines have gotten the trade’s largest barrier to entry. The GENIUS Act gave dollar-backed tokens one thing crypto had needed since stablecoins turned a critical a part of the market: a authorized house in the US. It outlined cost stablecoins, set reserve expectations,…
