US Senator Lummis: US Senate Banking Committee will review the GENIUS bill related to stablecoins today
According to online reports, U.S. Senator Cynthia Lummis, chairman of the U.S. Senate Banking Subcommittee, said that the U.S. Senate Banking Committee will today conduct a final review of the GENIUS bill proposed by Senator Hagerty. The main contents of the bill include: clearly defining payment stablecoins, establishing clear procedures for institutions seeking to issue stablecoins, and promoting responsible innovation and protecting consumer rights.
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