🚨 📜 The Stablecoin Bill Causes a Regulatory Earthquake in American Crypto!
🔹 The U.S. Senate passes the GENIUS Act with ✅ 68 votes to 30 – the first stablecoin bill to succeed in one chamber of Congress.
🔹 The law imposes: – 💵 A 1:1 peg of stablecoins to the dollar
– 🧾 High financial transparency
– 🧑⚖️ Strict regulatory oversight
– 🚫 Anti-money laundering measures
🔹 Strong support from both Democrats ➕ Republicans gives it strong momentum before it goes to the House of Representatives.
🔹 Despite Elizabeth Warren's objections ❌, the industry views it as:
> ✨ "A historic step for innovation in America" – Ji Kim
🔹 📊 TRM Report:
– 💠 Over 60% of crypto transactions today are conducted via stablecoins
– 🇺🇸 90% of them are pegged to the dollar (USDT / USDC)
– 🔍 99% of the activity is "legitimate" but there are concerns over illegal use.
🔸 What's next? 👀 Stay tuned for the House vote and the fate of the Digital Asset Market Clarity Act.