#GENIUSActPass #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, which is a bill to establish a regulatory framework for stablecoins.

Binance explained that the law will contribute to:

Enhancing the position of the United States as a global power in digital currencies,

Accelerating payment transactions,

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

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Key highlights from Binance's content:

1. Industry support: The campaign described the law's aim as "empowering the U.S. to lead globally in digital currencies," with the potential for instant payment settlements instead of waiting for days.

2. Market expectations: Nick Tomaino, founder of 1confirmation, highlights that this law could drive the stablecoin market value to achieve growth of up to ten times.

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