The GENIUS Act Advances — A Defining Moment for Stablecoins!
The U.S. Senate has officially advanced the GENIUS Act, which may become the first federal regulatory framework for stablecoins.
What does it include?
🔹 100% reserve backing requirement
🔹 Monthly reserve disclosures
🔹 Annual audits
🔹 Bankruptcy protections for stablecoin holders
🔹 Restrictions on Big Tech (Meta, Google) from issuing stablecoins
This move aims to provide stability to the crypto-finance bridge — but it also raises questions about innovation limits and government reach.
The political tension is real: Trump’s ties to “USD1” and memecoin projects are now part of the debate.
Will regulation boost trust — or tighten control?