#GENIUSActPass Here is a brief summary of the GENIUS Act in English:

The GENIUS Act: A Crucial Step for Cryptocurrencies in the U.S.

The Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS), a bill aimed at regulating stablecoins (cryptocurrencies with stable value) in the United States, has been passed by the U.S. Senate with a vote of 68-30 on June 17, 2025. This approval marks a significant advancement toward comprehensive federal regulation of stablecoins.

What does the GENIUS Act aim to achieve?

* Dominance of the U.S. Dollar: Strengthening the role of the dollar in the digital economy.

* Modernizing Payments: Improving payment systems for the digital age.

* Boosting Innovation: Reducing regulatory uncertainty to foster development in the digital asset space.

* Protecting Consumers: Including provisions for consumer protection and market integrity.

What does this mean for stablecoins and cryptocurrencies?

The Senate's approval is a key development that could lead to:

* Greater Certainty: A clear regulatory framework for businesses and investors.

* Increased Adoption: Potentially, greater integration of stablecoins into traditional finance.

* U.S. Leadership: Positioning the United States as a leader in the stablecoin market and innovation in digital assets.

Now, the GENIUS Act will move to the House of Representatives for review. If approved there, it will be sent to the President for enactment as law.