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Senate advances GENIUS Act to regulate stablecoins as major banks explore joint digital currency.
The U.S. Senate advanced the GENIUS Act, setting the stage for regulating stablecoins, digital currencies pegged to the US dollar.
Meanwhile, major banks like JPMorgan Chase and Bank of America are exploring a joint stablecoin to accelerate financial transactions and remain competitive in the digital asset market.
This move could streamline international payments and reduce costs, pending regulatory approval and customer demand.
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El Senado avanza la Ley GENIUS para regular las monedas estables mientras los principales bancos exploran la moneda digital conjunta.