GENIUSAct

Top Democrats are investigating Binance CEO Changpeng Zhao's pardon application to former President Trump, amid concerns over conflicts of interest and ongoing crypto policy debates. The situation also ties into the controversial GENIUS Act, which could affect the stablecoin market.

The Blockchain Association has sent a letter to Congressional leaders reaffirming the digital assets industry's strong support for the GENIUS Act. This move highlights the Act as a cornerstone of U.S. digital asset policy and aims to prevent banks from rewriting the legislation, ensuring regulatory clarity and protection for the industry.