The stablecoin legislation that’s expected to pass in the Senate on Tuesday has the potential to be “exceptional” for retailers and will also make the United States the “crypto capital of the world,” Datavault AI Inc. CEO Nathaniel Bradley told Newsmax.
Bradley joined “National Report” to discuss The GENIUS Act and its impact on retailing. It was reported Friday that Walmart and Amazon are exploring their own stablecoins. The GENIUS Act, or Guiding and Establishing National Innovation for U.S. Stablecoins, will establish a federal regulatory framework for stablecoins.
Bradley said stablecoin has the potential to “provide retailers a lot of utility,” making them “attractive for the retailers.”
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