🇺🇸 U.S. Senate Advances #stablecoin Bill 💵
The #GENIUSAct —a major bill to regulate USD-pegged stablecoins—just cleared a key Senate vote (62–32), signaling rising bipartisan support. ✅
🔹 1:1 USD backing required
🔹 Strict KYC/AML rules
🔹 Oversight for $10B+ issuers
🔹 Aims to curb tech monopolies
Next stop: full Senate vote before Memorial Day. If passed, it could reshape crypto regulation in the U.S.
