#GENIUSActPass

In a historic move, the U.S. Senate approved the GENIUS Act, the first comprehensive regulatory framework for stablecoins, after months of negotiations between the two parties.

🔹 Highlights of the law:

✅ Requiring stablecoin issuers to maintain full reserves in liquid assets such as the U.S. dollar and short-term Treasury bonds.

✅ Imposing monthly disclosures to ensure transparency and compliance with anti-money laundering laws.

✅ Enhancing investor protection from potential financial risks.

🔹 Why is this law important?

🚀 Stablecoins have become an essential part of the digital financial system, surpassing transaction volume of $28 trillion in 2024.

📊 The law grants stablecoins regulatory legitimacy, which may increase their adoption in major financial institutions.

⚖️ Despite its passage, there is still debate over its impact on the freedom of innovation in the crypto sector.

🔹 Reactions:

- Some Democrats expressed concerns about conflicts of interest, especially with former President Donald Trump's ties to cryptocurrency companies.

- The crypto community sees the law as a positive step, but it may impose restrictions on some emerging projects.

💡 Advice for investors: Keep a close eye on developments regarding this law, as it may directly impact the future of stablecoins and related investment strategies.