Odaily Planet Daily News According to the Associated Press, the U.S. Senate passed the stablecoin regulation bill GENIUS Act with 68 votes in favor and 30 votes against, which will be sent to the House of Representatives for consideration. The bill establishes a federal regulatory framework for stablecoins, requiring one-to-one reserves, consumer protection, and anti-money laundering mechanisms, but does not restrict the president and his family from profiting from stablecoin issuance, leading to criticism from Democrats regarding potential conflicts of interest for the Trump family. The Trump family profited over $57 million from the World Liberty Financial project last year through token sales. (Cointelegraph)