On March 13, the Senate Banking Committee made history in the stablecoins space by approving the GENIUS Act, which was introduced recently by Sen.Hagerty.
The post US Senate Committee’s stablecoin approval throws Tether lifeline appeared first on CoinGeek.
The bill, which Lummis reintroduced last week, calls on the government to buy up to one million BTC—at a current cost of $80 billion-plus—by issuing new gold certificates based on the true market price of the gold in Fort Knox, the value of which hasn’t been updated in half a century.
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