Senate passes GENIUS stablecoin bill amid concerns over systemic risk

The US Senate voted to pass the GENIUS Act, a bill regulating stablecoins, but observers believe lawmakers may have ignored stability concerns in Treasury markets.

Jun 19, 2025 - 00:10
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Senate passes GENIUS stablecoin bill amid concerns over systemic risk

Senate passes GENIUS stablecoin bill amid concerns over systemic risk

The US Senate voted to pass the GENIUS Act, a bill regulating stablecoins, but observers believe lawmakers may have ignored stability concerns in Treasury markets.