House Passes GENIUS Act With 308-122 Vote to Regulate Stablecoins

The U.S. House of Representatives passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS Act) with a 278-129 vote, a landmark bill regulating the $250 billion stablecoin market. The House passed the GENIUS Act today. Aimed at making the U.S. the “crypto capital of the world,” it mandates stablecoin issuers to maintain 1:1

Source: Bitcoin.com