The U.S. Senate Approves the Stablecoin Regulatory Bill – GENIUS Act
The U.S. Senate will support the GENIUS Act today (June 17, 2025), which is the first comprehensive law aimed at regulating stablecoins, including establishing rules for their reserves and consumer protection guarantees
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The measure restricts the benefits for members of Congress, but does not include the president, even though it was reported that he made over $57 million in profits from cryptocurrencies during 2024
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After Senate approval, the bill heads to the House of Representatives and then to President Trump for signing before next month, to enhance the legitimacy of stablecoins in the market.
🌟 Why is this news important?
It represents a significant shift in the global regulatory framework for digital currencies.
It may increase confidence in stablecoins like USDT and USDC and encourage global institutions to adopt them.
The central bank's announcement could stimulate the launch of new stable projects from banks.
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Do you think regulation protects investors and enhances the market?
Or do you believe it could stifle innovation?
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