Powered by ChatGPT

Opinion: Genius Act Guarantees Stablecoin Holder Priority, Bank of America May "Pay the Bill" for This

ForesightNewsJul 11, 2025

According to DL News, the "Genius Act" passed by the U.S. Senate is drawing attention from the banking and legal sectors. The bill grants stablecoin holders priority claim to their backing assets in the event of bankruptcy, potentially putting traditional banks and other customers at risk. [Foresight News]

All You Need to Know in 10s
Your One-Stop Crypto Investment Powerhouse
Powered by ChatGPT

Opinion: Genius Act Guarantees Stablecoin Holder Priority, Bank of America May "Pay the Bill" for This

ForesightNewsJul 11, 2025

According to DL News, the "Genius Act" passed by the U.S. Senate is drawing attention from the banking and legal sectors. The bill grants stablecoin holders priority claim to their backing assets in the event of bankruptcy, potentially putting traditional banks and other customers at risk. [Foresight News]

Scan QR Code to Explore more key information
One-stop financial research platform for Crypto Investors