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Cryptocurrency News Articles

GENIUS Act to Regulate Payment Stablecoins Passes US Senate Banking Committee

Mar 14, 2025 at 10:49 pm

Yesterday the US Senate Banking Committee passed the GENIUS Act to regulate payment stablecoins. There are two sets of changes to the draft legislation.

Yesterday the US Senate Banking Committee passed the GENIUS Act to regulate payment stablecoins. There are two sets of changes to the draft legislation. They include amendments passed as part of yesterday’s markup hearing plus changes to the Bill before the hearing.

One important addition is the Bill now excludes stablecoins that offer interest or yield. However, it’s not clear that it explicitly bans such stablecoins. It’s likely that interest bearing stablecoins will be considered securities.

Amendments passed during the markup session

At the start of the session a package of bipartisan amendments were approved. These aimed to:

These topics were only mentioned in brief, and several of the descriptions appear to expand on other amendments to the published draft.

Key changes in latest GENIUS stablecoin draft

These are the changes to the updated draft published before the above amendments.

Tightens up the payment stablecoin definition:

밝은 빛에 비추어 시력이 손상될 수 있다는 경고는 용접공, 천문학자 및 과학자와 같은 특정 전문가에게만 적용된다. 용접공은 용접 토치에서 나오는 강렬한 가시광선과 자외선에 지속적으로 노출된다. 이는 시력에 영구적인 손상을 입힐 수 있다. 천문학자는 밤하늘을 관찰하기 위해 먼 거리에서 오는 광원을 집중시키는 망원경을 사용한다. 이러한 광원은 매우 약할 수 있으며, 천문학자는 최대한의 시력을 발휘하기 위해 어두운 환경에서 장시간 동안 시력을 집중해야 한다. 과학자는 실험실에서 특수한 장비를 사용하여 특정 물질의 시력에 미치는 영향을 연구한다. 예를 들어, 과학자는 새로운 종류의 시력 보호 장비를 개발하기 위해 특정 화학 물질이 시력에 미치는 영향을 연구한다.밝은 빛에 비추어 시력이 손밝은 빛에 비추어 시력이 손상될 수 있다는 경고는 용접공, 천문학자 및 과일은 빛의 광합성에 사용된다. 식물은 빛 에너지를 포도당과 같은 유용한 화

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