#GENIUSActPass The House just accelerated the **GENIUS Act reconciliation vote to June 25** (originally June 30) after lobbying pressure from BlackRock and Coinbase. Key updates:

- **Tax exemption threshold** raised to $1,000/year for retail crypto transactions

- **Stablecoin compliance** deadline shortened to 12 months (from 18)

- **Bank custody provision** now excludes privacy coins ($XMR, $ZEC)

Market reaction:

✅ Regulated tokens ($QNT +14%, $RLC +9%) surge on NYSE open

⚠️ Privacy coins dump 12-15% pre-market

**My Action**:

Taking profits on custody plays, rotating into banking-exposed tokens ($SI, $BAC). House vote volatility = ideal options straddle setup.

*Regulatory winds shifting fast – verify amendments. #GENIUSActPass