Senator Lummis announces support for the GENIUS Act to regulate the stablecoin market

PANews reported on May 7 that U.S. Senator Cynthia Lummis said that the GENIUS Act aims to strengthen supervision of the stablecoin market. The core contents include: requiring all stablecoins to achieve 1:1 full reserves, protecting consumer priority rights in bankruptcy, and establishing strict marketing compliance standards.

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Author: PA一线

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