The GENIUS Act was approved after a vote in the U.S. Senate, where it received support from 66 members against 32 opposing votes.
According to Odaily, this law represents a qualitative leap in regulating the cryptocurrency market in the United States and may provide a clearer and more stable legislative framework for investors and institutions.
Importance of the law:
It provides legal clarity for cryptocurrency projects.
It paves the way for accelerating the adoption of digital assets within the financial system.
It represents a strong signal of the United States' move towards regulating this sector.
Are we witnessing the beginning of a new regulatory era for crypto? Share your thoughts in the comments...