Cryptonews.com
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22:24 Jul 01, 2025
Attorney General Letitia James has cautioned Congress that the GENIUS Act, which mandates full reserve backing for stablecoins, still lacks robust investor and national-security protections; she has pressed for FDIC-like insurance, capital rules, and identity checks ahead of the House debate. The post Trump-Backed GENIUS Act Under Fire: NYAG Urges Tougher Stablecoin Rules Before July Vote appeared first on Cryptonews.