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GENIUS Becomes Law: What It Took to Pass the First Rules for Stablecoins in the U.S.

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Bipartisan Progress on Stablecoin Regulation

This chapter explores the bipartisan support that emerged for the regulatory bill on stablecoins in the U.S., overcoming initial concerns from Democrats about executive involvement. It highlights the legislative dynamics and coalition-building necessary for the passage of the bill, while also discussing the implications for various stakeholders and the SEC's ongoing role. The chapter emphasizes the importance of this legislation in shaping the future of crypto regulation and improving payment systems.

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