❤BIG BREAKINGS NEWS❤
ACT PASS!!
The GENIUS Act is a new law passed by the U.S. Senate to control and guide stablecoins, which are cryptocurrencies tied to the U.S. dollar. It makes sure that every stablecoin is backed 1:1 with real money or safe assets like cash or U.S. government bonds. Companies that create these coins must show proof of their reserves every month. It also clearly says stablecoins are not stocks or commodities, so they follow different rules. The law allows foreign stablecoins to work in the U.S. if they follow similar rules. Big companies like Apple or Amazon could use this law to make their own stablecoins. The bill still needs approval from the House of Representatives and then the President will sign it. If passed fully, it will make stablecoins safer and more trusted in the U.S. and possibly help grow the crypto market.