🟢 #GENIUSActPass – US Senate Backs Stablecoin Regulation 🚨

Big news: The U.S. Senate just passed the GENIUS Act with a decisive 68–30 vote — the first ever federal framework for stablecoins 🇺🇸 #GENIUS Act stands for Guiding and Establishing National Innovation for U.S. Stablecoins, and it sets strong rules:

• 1:1 backing with liquid assets (like U.S. Treasuries)

• Audits and AML/KYC compliance

• Bans on non‑financial/foreign issuers

• 2-party veto for congressional insiders, though the President’s office is still excluded .

This is a major win for Circle, Tether, and the broader crypto ecosystem, signaling regulatory clarity is finally on the horizon . Critics say it leaves loopholes — especially around the presidential family — but the push for transparency and consumer protection is real .

Next stop: the House, where it's expected to hit President Trump’s desk before summer.

📣 What do you think — does this bring mainstream crypto closer, or is it still missing key protections?