🇺🇸 Urgent: The Senate will vote tomorrow on the GENIUS Stablecoin Act! 🏛️
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🗓️ Critical Date:
The U.S. Senate will hold its final vote on the "Guiding and Establishing National Innovation for US Stablecoins" (GENIUS) bill tomorrow, Wednesday, June 18, 2025, at 4:30 PM Eastern Time. This vote is the last before the legislation moves to the House of Representatives.
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💡 Importance of the Law:
– Regulatory Framework: The law aims to establish clear and organized rules for stablecoins in the United States, including reserve and transparency requirements.
– Strengthening the Dollar: It focuses on consumer protection and enhancing the global position of the U.S. dollar in the digital age.
– Supporting Innovation: It is seen as a crucial step in providing legal certainty, which could accelerate the adoption and acceptance of stablecoins.
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🌐 Legislative Path:
After the Senate vote, if approved, the bill will move to the House of Representatives for further review and voting. This development is a milestone in the United States' efforts to regulate the cryptocurrency market.
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