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Posted: 2025-06-12 03:02:15 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-06-12 03:02:23 UTC
Verified By
Rollup News
The U.S. Senate is moving towards a final vote on the GENIUS stablecoin bill, which requires stablecoins to be fully backed by U.S. dollars or liquid assets and mandates annual audits for large issuers.
Regulation of stablecoins
Requirement for full backing by U.S. dollars or liquid assets
Mandatory annual audits for large stablecoin issuers
Potential debate period before final vote