๐Ÿ‡บ๐Ÿ‡ธ U.S. Senate to Vote on GENIUS Act Today at 4:30 PM ET

The final confirmation vote for the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) is scheduled for today at 4:30 PM ET.

If approved, the bill will move forward to the House of Representatives.

๐Ÿช™ What is the GENIUS Act?

Itโ€™s a federal legislation aimed at regulating stablecoins in the United States. Stablecoins are digital assets pegged to stable fiat currencies like the U.S. dollar and are commonly used in payments and financial transactions.

This bill seeks to:

โœ… Set clear rules for stablecoin issuers

โœ… Protect consumers

โœ… Preserve the global dominance of the U.S. dollar

If passed, we could see a wave of companies launching new stablecoins, potentially triggering a bullish trend in the crypto market.

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