📝 News from Washington — The US Senate voted for the GENIUS Act on June 17, 2025, with a result of 68–30: both parties supported it, including 18 Democrats
🌐 What is changing? This is the first clear federal legislative framework for stablecoins:
100% collateralization in dollars or Treasury bills is required.
Mandatory audits and AML/KYC for large issuers.
Ban on stablecoin issuance by members of Congress and the executive branch (except the president)
💥 Why is this important?
This signals the transition of stablecoins into the mainstream — regulatory status will provide a boost to major banks and corporations (Bank of America, Morgan Stanley, Amazon, Walmart, etc.)
Although critics like Elizabeth Warren complain about loopholes and corruption risks, the law itself emphasizes the implementation of transparency
📅 What’s next? Now it goes to the House of Representatives. A merger with the similar STABLE Act and CLARITY Act regarding bitcoin/DeFi regulation is also being discussed
