U.S. Representative French Hill advocates for updates to the Genius Act

U.S. Representative French Hill urges modifications to the GENIUS Act as the Senate revises stablecoin regulations. This bill, a significant step for stablecoin oversight, emphasizes CEO accountability and restricts non-financial firms from entering the market.

The updated bill assures that U.S. Investors maintain the right to manage their digital assets using personal wallets, enhancing security for individual holdings. Hill’s remarks at CoinDesk’s event highlight the collaborative efforts between the House and Senate.