Big news The US Senate ready to revolutionize the future of stablecoins with the GENIUS Act
🚨 The US Senate is about to pass the GENIUS Act on stablecoins, big move or not 😶
🔹 A bipartisan project, called the GENIUS Act, is currently being voted on in the US Senate. It aims to establish:
Strict reserve standards (100% liquid)
Clear regulatory oversight
The possibility for banks to issue their own stablecoins
📊 Stablecoins like USDT ($155 billion) and USDC ($61 billion) are at the heart of the current crypto system.
⚡ Why this is important for crypto adoption
🔐 More guarantees = more trust for trading or storing
🚀 Increased adoption in payments, DeFi, and fast transfers
🏦 Banks could integrate stablecoins in a regulated manner
🌍 And then?
This law still has to pass the House of Representatives before its final adoption. It could be expanded to other aspects of crypto regulation through the future CLARITY Act.
🔹 Conclusion
The crypto sector is approaching a decisive moment. Clear regulation can enhance trust, stabilize markets, and prepare for the arrival of traditional players.
And you, do you think this framework will accelerate adoption or hinder innovation?👇