#GENIUSActPass
🎯 What is the campaign?
The Binance campaign focuses on promoting the passage of the GENIUS Act in the U.S. Senate on June 17, 2025, which is a bill to establish a regulatory framework for stablecoins.
Binance explained that the law will contribute to:
Enhancing the United States' position as a global powerhouse in digital currencies,
Accelerating payment transactions,
Opening new innovation and marketing opportunities for industries related to stablecoins.
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Key highlights from Binance's content:
1. Industry support: The campaign described the law's goal as "enabling the United States to lead globally in digital currencies," with the potential for instant payments instead of waiting days.
2. Market expectations: Nick Tomaino, founder of 1confirmation, highlighted that this law could drive the value of the stablecoin market to grow by as much as tenfold.
3. Emission ban: The law includes a ban on non-financial companies (like Meta or Amazon) from issuing their own stablecoins unless they coordinate with regulatory bodies.
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🧩 Why is Binance promoting the campaign?
Binance believes that the law will enhance the regulatory environment for digital currency transactions, giving users greater confidence and increasing demand for its services.
Additionally, it is in Binance's interest to serve as the "regulatory infrastructure" that will support stablecoins and pave the way for major companies to enter the space.
