NY Prosecutors Raise Alarm over GENIUS Act on Fraud: Report
[ad_1] Several New York district attorneys have reportedly warned about the US federal stablecoin law, the GENIUS Act, claiming it fails to adequately address fraud. According to a Monday CNN report, New York Attorney General Letitia James and four district attorneys signed onto a letter saying that the GENIUS Act will “provide legal cover” for […]
Crypto’s New Order after the GENIUS Act
[ad_1] On Monday, the Senate voted 66-32 to invoke cloture on the GENIUS Act, a invoice that regulates the creation and offering of stablecoins in the US. Whereas the invoice nonetheless must clear the Home and be signed by President Trump, passing the Senate was the most important problem (provided that it required Democratic assist […]