Visa And Mastercard Shares Fall As Senate Passes GENIUS Act

Benzinga

Visa Inc. and Mastercard Inc. shares dropped after the U.S. Senate passed the GENIUS Act, a bill creating federal oversight for stablecoins, according to Benzinga. Analysts say the legislation could open the door for companies like Amazon and Stripe to adopt lower-fee, stablecoin-based payment systems that bypass traditional card networks. Mark Hines of Herrick Lake Investments warned that Visa and Mastercard could face slower growth and fee pressure. President Trump urged the House to pass a clean GENIUS Act quickly and without amendments, emphasizing urgency in a Truth Social post. Visa and Mastercard currently process nearly $28 trillion in combined volume annually.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Visa and MasterCard shares dropped after the U.S. Senate passed the Genius Act,

00:06the bill creating federal oversight for stablecoins, according to Benzinga.

00:09Analysts say the legislation could open the door for companies like Amazon and Stripe

00:12to adopt lower-fee stablecoin-based payment systems that bypass traditional card networks.

00:18Our kinds of Herrick Lake investments were that Visa and MasterCard could face slower growth

00:21and fee pressure. President Trump urged the House to pass a clean Genius Act quickly

00:25and without amendments, emphasizing urgency in a true social post.

00:29Visa and MasterCard currently process nearly $28 trillion in combined volume annually.

00:34For all things money, visit Benzinga.com.

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