The GENIUS law was approved after voting 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 within the United States and could provide a clearer and more stable legislative framework for investors and institutions.
Importance of the law:
It grants legal clarity to cryptocurrency projects.
It opens the door to accelerate the adoption of digital assets within the financial system.
It represents a strong signal of the United States' direction toward regulating this sector.
Are we witnessing the beginning of a new regulatory era for crypto? Share your opinion in the comments.