Circle praises the passage of the GENIUS Act: it is crucial for the future of the currency and Internet financial system
Internet reports that USDC issuer Circle published an article saying that the House of Representatives voted to approve the GENIUS Act to be submitted to the President for signature, which is crucial to the future of the currency and Internet financial system. This shows strong bipartisan support for responsible innovation and makes it clear that the United States will play a leadership role in the regulation of dollar-backed payments stablecoins. Circle highly praised congressional leaders for building a regulatory foundation that puts consumer protection, financial integrity and U.S. competitiveness first.
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