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Divisions Arise in Advancement of GENIUS Act in the US
Summary: Amidst rumors, the US Congress is engaged in intense debates over cryptocurrency legislative strategies. Republican members of the House and Senate, as well as within the crypto industry, are discussing whether the GENIUS Act should be bundled with the Market Structure Act for advancement, or passed separately. Some industry giants like Coinbase and a16z support ...
Amidst rumors, the US Congress is engaged in intense debates over cryptocurrency legislative strategies. Republican members of the House and Senate, as well as within the crypto industry, are discussing whether the GENIUS Act should be bundled with the Market Structure Act for advancement, or passed separately. Some industry giants like Coinbase and a16z support a bundled approach, but the DeFi community leans towards swiftly implementing the GENIUS Act first. Meanwhile, several Republican senators in the Senate are more inclined to pass the GENIUS Act separately first. With opinions still divided, the legislative outlook remains uncertain. (Crypto In America)
