#GENIUSActPass
The U.S. Senate has passed the GENIUS Act with a historic 68–30 vote, marking a major milestone for a regulated stablecoin framework 🇺🇸
🔐 The bill now requires:
• 1:1 reserves in liquid assets (Treasuries, cash)
• Monthly public disclosure of reserve composition
• Annual audits for large issuers
• Ban on interest or yield to holders
• Technical ability to freeze or seize tokens for legal compliance
• Authorization for licensed banks to issue stablecoins
💼 Major firms like Visa, Amazon, and Mastercard are already exploring issuance.
📍 Next steps: House vote followed by STABLE & CLARITY Acts. Final approval is expected by summer.
💡 At Binance, we believe stablecoins will power:
Faster cross‑border payments
Regulated DeFi innovation
Global confidence in digital finance
📣 What do you think? Utility, mass adoption, potential pitfalls—or a true revolution? Share below 👇
#Write2Earn
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