$USDC qThe GENIUS Act, which stands for Guiding and Establishing National Innovation for US Stablecoins Act, has passed the US Senate with a 68-30 vote. This landmark legislation aims to regulate stablecoins, requiring issuers to back them with US dollars or similarly liquid assets. Key provisions include¹ ²:

- *Full Reserve Backing*: Stablecoins must be fully backed by US dollars or liquid assets.

- **Audits