On Tuesday, the U.S. Senate passed the GENIUS Act (S. 394), which would establish a comprehensive federal framework for U.S. dollar-denominated stablecoins.

Now, I know some of you are rolling your eyes because Bitcoin Magazine is covering a stablecoin bill.

To you, I have two things to say:

Firstly, you should still pay attention to crypto bills like the GENIUS Act, because they could impact your ability to use bitcoin privately.

Secondly, the GENIUS Act might get combined with the CLARITY Act (also referred to as the “market structure” bill), which would protect developers and providers of noncustodial Bitcoin tools and services.

With that out of the way… One…

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