#GENIUSact

🚨 U.S. Senate to hold final vote on GENIUS Act for stablecoin regulation on June 17! 📊

The bill aims to:

• Require stablecoins to be fully backed by USD or liquid assets

• Mandate annual audits for issuers with >$50B market cap

• Set compliance rules for foreign issuers

If passed, it heads to the House, where the STABLE Act awaits. Both must align on state vs. federal regulation and oversight of issuers like Tether. 🇺🇸

President Trump pushes for passage by August, with Treasury Sec. Bessent eyeing a $2T+ USD stablecoin market by 2028 (current: $252B). 💰