#GENIUSActPass

The U.S. Senate has passed the GENIUS Act with a historic vote of 68–30, marking a major milestone for a regulated framework for stablecoins 🇺🇸

🔐 The bill now requires:

• 1:1 reserves in liquid assets (Treasuries, cash)

• Monthly public disclosure of reserve composition

• Annual audits for large issuers

• Prohibition of interest or returns for holders

• Technical ability to freeze or seize tokens for legal compliance

• Authorization for licensed banks to issue stablecoins

💼 Major companies like Visa, Amazon, and Mastercard are already exploring issuance.

📍 Next steps: House vote followed by the STABLE and CLARITY bills. Final approval is expected by summer.

💡 At Binance, we believe stablecoins will power:

Faster cross-border payments

Regulated DeFi innovation

Global trust in digital finance

📣 What do you think? Utility, mass adoption, potential pitfalls — or a true revolution? Share below.