Kevin Evers is a senior editor at Harvard Business Review and the author of There’s Nothing Like This: The Strategic Genius of Taylor Swift (Harvard Business Review Press, forthcoming).

The latest draft of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, introduced before a hearing Tuesday, proposes a significant shift in the approach to ...

Under the GENIUS Act, the issuance of a payment stablecoin by anyone other than a permitted payment stablecoin issuer would be unlawful. Additionally, the GENIUS Act would allow the applicable ...