#GENIUSActPass

💥 The GENIUS Act has received the green light in the U.S. Senate!

The American Senate has approved one of the most ambitious cryptocurrency bills — the GENIUS Act (68 votes in favor, 30 against). This is the first major bipartisan initiative concerning digital assets to pass through the upper chamber of Congress.

The document is now headed to the House of Representatives — and if approved, it will become the legal basis for regulating stablecoins at the federal level.

🔍 What the GENIUS Act proposes:

• 💵 Strict requirements for stablecoin backing — 100% reserve in U.S. dollars or short-term government bonds

• 🧾 Mandatory annual audit of reserves

• 👁️ Transparency requirements — regular reporting, disclosure of asset structure

• 🏛️ Federal oversight: issuers will be subject to Treasury rules and obtain appropriate licenses

🤝 The bill has the support of both officials and major players in the crypto market — the document is seen as a balanced step that will strengthen trust in stablecoins and bolster the dollar's position in the world of digital currencies.

📈 Investors are also taking notice — a capital influx into legal stablecoins is expected.