US Senate Passes Stablecoin Bill GENIUS Act 🚨
Behind the scenes: Republicans want to capture the crypto votes of Trump supporters, while Democrats are not willing to fall behind but are afraid of insufficient regulation and risk control.
The result is—crypto industry executives accelerating lobbying efforts, and legislation is finally advancing ✅$BTC
This bill legitimizes stablecoins, representing regulation and a trial run for licensing.
Stablecoins are the new colonial tool of the dollar, and legislation = official recognition of their global expansion capabilities.
👀 Key points:
Passed by May 26 = election campaign rhythm
Controversial focus: Can officials trade cryptocurrencies?
The industry's financial influence affects the transparency of legislation, which is worth our continued attention.