GENIUS Act advances with bipartisan amendments

Fox Business reporter Eleanor Terrett reported on X that the GENIUS Act passed out of committee with bipartisan amendments, including: - Clarifying treatment of non-permitted stablecoin issuers. - Requiring regulators to assess company leadership. - Banning deceptive names for stablecoin issuers. - Maintaining current Fed master account policies. - Granting stablecoin customers super priority in bankruptcy. - Clarifying reserve requirements. The bill now moves forward for further Senate consideration.