Bitcoin-Backed Stablecoins Top List of GENIUS Act Loopholes

Gaps in reserve rules and fragmented oversight could let risky, Bitcoin-backed or under-supervised stablecoins slip through.The GENIUS Act set a milestone for crypto oversight, but its success hinges on how regulators fill in the blanks.The signing into law of the GENIUS Act in July was a watershed moment for the cryptocurrency industry and stablecoin issuers.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applica ...