🚀U.S. Senate Passes Stablecoin Act – A Historic Turning Point for Crypto
The U.S. Senate has officially passed the GENIUS Act – the first regulatory framework for USD-pegged stablecoins, marking a significant milestone for the cryptocurrency industry.
The bill requires stablecoins to be fully backed by safe liquid assets, while tightening regulations on major tech companies and foreign stablecoin issuers.
The act received bipartisan support with a vote of 68-30. The bill will now await the House of Representatives to pass its own version before being presented to President Donald Trump for signing.
This is a major step forward for the U.S. to have the opportunity to become the world's leading transparent and safe cryptocurrency regulatory hub, promising to create positive waves for the global crypto market in the near future.