#MyTradingStyle The U.S. Senate has approved the GENIUS Act with strong bipartisan support (68 votes) ✅. This is a historic move for the crypto world 🌍, especially for stablecoins like USDC 💵.
🔐 The bill introduces the first official stablecoin regulations in the U.S., aiming to:
Ensure 1:1 reserves 💰
Stop money laundering 🕵️♂️
Improve consumer protection 👨👩👧👦
💥 However, there are concerns over conflicts of interest—especially involving the Trump family’s crypto investments, which earned over $57 million last year 😮.
📊 Despite the controversy, experts say this law will bring regulatory clarity and boost investor confidence 📈. USDC remains stable at $1.00 with a strong market cap of $61.56B 🚀.
Senator Tim Scott says this act will protect users while supporting financial innovation 🧠💡.
