#GENIUSActPass 🧠💵 GENIUS Law – A big step towards regulating stablecoins in America!
✅ Officially approved by the U.S. Senate crypto_news #TardersLeague #Stablecoins #Binance $ETH
📌 Key points:
🔹 Stablecoins (USDT, USDC…) must be 100% backed by dollars or treasury bonds
🔹 Mandatory annual audits for major issuers (more than 50 billion dollars)
🔹 Strong protection for user funds in case of issuer bankruptcy
🔹 Oversight on foreign issuers (like Tether)
🔹 Prohibition of government officials from issuing digital currencies for personal gain
📊 This law will enhance global trust in stablecoins and strengthen the dollar's dominance in the digital economy.
⚖️ Now it goes to the House of Representatives, with official signing expected before August 2025.
📣 Finally, regulation is catching up with innovation!
✍️ $BTC