The U.S. Senate is moving forward with the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, legislation that aims to establish a clear regulatory framework for the $238 billion stablecoin market. Advocates like Sen. Bill Hagerty (R-TN), the bill’s chief sponsor, say the measure will modernize America’s financial infrastructure and safeguard the nation’s global economic leadership.
