#GENIUSActPass LATEST NEWS: THE U.S. SENATE APPROVES THE GENIUS ACT – LEGISLATION ON STABLECOINS APPROVED 🇺🇸🪙📜*

For those asking *“What is the Genius Act?”*, here’s a simple breakdown:

*🧠 GENIUS = “Guaranteeing Essential Non-Bank Issuance of U.S. Stablecoins”*

✅ It is a new U.S. law focused on *regulating stablecoins* — cryptocurrencies like USDC or USDT that are pegged to the dollar.

*What it means:*

🔹 *Clear rules* for issuing and managing stablecoins — especially for non-bank issuers

🔹 *Stronger consumer protections* — reducing scams & improving transparency

🔹 Encourages *responsible innovation* without banning technology

🔹 Opens the door to *widespread adoption* of cryptocurrency payments & DeFi