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Senate OKs GENIUS Act Without Safeguards Needed to Protect Consumers and the Financial System From Stablecoin Risks
June 19, 2025
YONKERS, New York, June 19 -- Consumer Reports posted the following news release on June 18, 2025:

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Senate OKs GENIUS Act without safeguards needed to protect consumers and the financial system from stablecoin risks

WASHINGTON DC - A bill approved by the Senate today that establishes a regulatory framework governing stablecoins fails to include the protections needed to ensure consumers and the financial system are not exposed to unacceptable risks, ac . . .

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