logo

Senator Warren Urges Swift Implementation of the "GENIUS Act" and Highlights Stablecoin Regulatory Gaps

By: theblockbeats.news|2025/10/22 02:17:43

BlockBeats News, October 22: Senator Elizabeth Warren, Ranking Member of the Senate Banking Committee, wrote to Treasury Secretary Yellen urging the prompt implementation of the GENIUS Act and highlighting regulatory gaps. In the letter, Warren stated that the "U.S. Stablecoin Innovation GENIUS Act" represents a "light-touch regulatory framework for crypto banks," and the Treasury Department must take action to implement and enforce the law to minimize significant risks to U.S. financial stability, consumers, taxpayers, and national security. The GENIUS Act, signed into law by Trump in July, requires stablecoins to be fully backed by the U.S. dollar or similar liquid assets, mandates annual audits for issuers with a market cap over $500 billion, and establishes guidance for foreign issuers. Currently, major U.S. agencies are working to implement the law.


One of the Democrats' main concerns is around stablecoins, as Paxos recently accidentally minted $30 trillion worth of PYUSD stablecoins due to a technical issue. Warren commented on this, stating: "This incident demonstrates that operational failures can pose significant risks to issuers, market integrity, and financial stability. The Treasury Department needs to explain to the public how it intends to address these risks and, if unable to do so, clarify what authorizations it would need from Congress."

كيفية استخدام Grok 4 للبحث عن العملات قبل الاستثمار
Fed يفكر في “skinny” payment accounts لفتح الطرق أمام fintech والشركات الصغيرة

قد يعجبك أيضاً

مشاركة
copy

الرابحون

أحدث أخبار العملات المشفرة

16:18

انخفض سهم AIA لفترة وجيزة إلى ما دون 6 دولارات، بانخفاض يزيد عن 75% عن ذروته

15:48

"الحوت صاحب أعلى معدل ربح بنسبة 100%" يواصل الشراء، ويحتفظ باستثمارات طويلة الأجل في البيتكوين بقيمة 9.92 مليون دولار

15:18

انخفضت أسهم ZEC بأكثر من 23% خلال 24 ساعة، وتتداول حاليًا عند 534.29 دولارًا أمريكيًا

14:50

تم تجميد عنوان يحتوي على 31,765,779 USDT

14:47

ارتفع صافي التغير في المعروض من الإيثريوم على مدار 30 يومًا بمقدار 74,298 إيثريوم

قراءة المزيد
المجتمع
icon
icon
icon
icon
icon
icon
icon

دعم العملاء@weikecs

التعاون التجاري@weikecs

التداول الكمي وصناع السوقbd@weex.com

خدمات (VIP)support@weex.com