US Senator Lummis has announced his support for the GENIUS Act to regulate the stablecoin market
2025-05-07 00:24:33
U.S. Senator Cynthia Lummis said that the GENIUS Act aims to strengthen the supervision of the stablecoin market, and the core content includes: requiring all stablecoins to achieve a 1:1 full reserve, guaranteeing consumer priority rights in the event of bankruptcy, and establishing strict marketing activity compliance standards.
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