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#PI# The U.S. Congress passed the bipartisan GENIUS Act, establishing the first federal framework for payment stablecoins. This marks a milestone for consumer protection, national security, and U.S. competitiveness.
The United States has always been a leader in financial innovation globally, but in recent years it has been affected by regulatory pressures from Washington. The Biden administration has led to industry uncertainty and increased legal costs through enforcement rather than a clear regulatory framework.