✅ GENIUS Act Passes Senate – #StablecoinRegulation On the Way
68‑30 bipartisan vote on June 17, 2025 — the first-ever federal stablecoin framework 🇺🇸
Requires full asset‑backing, monthly audits, AML compliance — brings transparency & confidence
Bill heads to House next — possible amendments include broader crypto or CBDC links (#CLARITYAct etc.)
🏦 Institutional & Industry Impact
Circle (USDC), Visa, Mastercard, Amazon, Walmart, BofA, Wells Fargo, Citigroup, Société Générale, Banco Santander are all stepping in — now with a regulatory green light
Coinbase, JPMorgan, Kraken also backing the move as it accelerates digital payments adoption
🌐 Political Context
Tensions over Trump family crypto ties remain — bill bans lawmakers but excludes the President
Critics including Sen. Warren view it as insufficient — risks of loopholes and conflicts persist
📊 Market Reaction
BTC dipped below ~$105 K, ETH near ~$2.52 K amid geopolitical & regulatory sentiment
BTC options OI surged – signs of strong long-term confidence
📌 #BinanceSquare Style Update
🔹 Headline: #GeniusAct clears Senate — 📜 #Stablecoins poised for federal rules
🔹 Body:
“GENIUS Act passed 68‑30, ushering in 1:1 reserve backing, audits & AML. Institutional giants like Circle, Visa, BofA & Amazon are ready to embrace stablecoins now. Bill moves to House next – could merge with broader crypto reforms. BTC briefly falls below 105K; ETH hovers near 2.52K as options market signals bullish bets. Watch House version closely! 🚀”
🔹 Hashtags:
#CryptoNews #Stablecoins #GENIUSAct #BTC #ETH #CryptoRegulation #InstitutionalCrypto #DigitalPayments