#GENIUSActPass

What is the campaign?

The Binance campaign focuses on promoting the passage of the GENIUS Act in the U.S. Senate on June 17, 2025, a bill aimed at establishing a regulatory framework for stablecoins.

Binance explained that the law would contribute to:

Enhancing the United States' position as a global powerhouse in digital currencies,

Accelerating payment transactions,

Opening new innovation and marketing opportunities for industries related to stablecoins.

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Highlights from Binance's content:

1. Industry Support: The campaign described the law's goal as "empowering the United States to lead globally in digital currencies," with the potential for instant payment settlements instead of waiting days.

2. Market Expectations: Nick Tomaino, founder of 1confirmation, highlights that this law could drive the market value of stablecoins to potentially grow by up to ten times.

3. Emission Ban: The law includes a ban on non-financial companies (like Meta or Amazon) from issuing their own stablecoins unless they coordinate with regulatory bodies.