🇺🇸 US Senate Pushes Stablecoin Regulation (GENIUS Act)
The US Senate is poised to pass a stablecoin bill called the GENIUS Act, establishing consumer protections with a ban on profits for Congressional members—excluding the President and their family. Criticism has arisen regarding President Trump's conflict of interest, as he has ties to the new stablecoin USD1 from World Liberty Financial. This bill is backed by Coinbase & Treasury Secretary Bessent as a move to strengthen the legitimacy of the crypto market
