Senate Shocks Nation: GENIUS Stablecoin Bill Survives Political Crossfire! đ˛đ°
This here legislation, cooked up by Senator Bill Hagerty out of Tennessee (where the whiskeyâs strong and the politics stronger), aims to corral them stablecoin wranglers with a federal lasso. If youâre running a stablecoin outfit worth more than $50 billionâgive or take a few piggy banksâyouâll need to show your cards: full asset backing, monthly reserve checkups, and an annual audit thatâd make even your grandma nervous.