US Senate Passes Stablecoin Legislation GENIUS Act 🚨
Behind the Scenes: The Republicans want to capture the crypto votes of Trump supporters, the Democrats are not far behind but fear that regulation may not be strict enough.
The result is—crypto industry executives accelerating lobbying efforts, and legislation finally moves forward ✅$BTC
This bill legitimizes stablecoins, it is regulation, and also a rehearsal for licensing.
Stablecoins are a new colonial tool of the US dollar, legislation = official recognition of its global expansion capabilities.
👀Key Points:
Passed by May 26 = campaign rhythm
Controversial Focus: Can officials trade cryptocurrencies?
The industry's financial influence affects the transparency of legislation, which is worth our continued attention.