Eleanor Terrett
Eleanor Terrett|3月 13, 2025 21:33
Some bipartisan provisions were added to the GENIUS Act before it passed out of committee today, per a @BankingGOP staffer. Here’s what was added: 📌Amendment to clarify the treatment of payment stablecoins that are not issued by a permitted issuer. 📌Amendment that requires regulators to consider the competence, experience, and integrity of key leaders at an applicant's company. 📌Amendment that adds language to prohibit the use of deceptive names by a payment stablecoin issuer. 📌Amendment that clarifies the bill’s intention to maintain the status quo as it relates to master account access at the Federal Reserve. 📌Amendment that gives customers of stablecoins “super priority” over other creditors in bankruptcy. 📌Amendment to clarify reserve requirements.
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads