The Senate Banking Committee has approved the GENIUS Act, a stablecoin regulation bill defining federal and state oversight for issuers. With bipartisan support and industry scrutiny, the bill moves to the full Senate, where debates on regulatory balance, consumer protection, and financial innovation continue.
Senator Tim Scott introduces a bill to eliminate "reputational risk" from bank regulations, aiming to prevent political agendas from influencing financial oversight and addressing concerns over debanking practices impacting crypto and other industries.
Senate-elect Bernie Moreno has been selected to serve on the Senate Banking Committee, a press release from Sen. John Thune shows.
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