#GENIUSActPass

#GENIUSActPass 🇺🇸💵

The U.S. Senate has passed the GENIUS Act, a new law that sets clear rules for stablecoins like USDC and others. The vote passed with strong support—68 in favor, 30 against.

This law will:

Make sure stablecoins are backed 1:1 with real money or U.S. Treasuries

Require monthly audits and yearly reports for big issuers

Add strong anti-money-laundering checks

Ban lawmakers or government workers from launching stablecoins

This is the first time the U.S. is officially making laws for stablecoins. Supporters say it will make the U.S. a leader in crypto innovation. But some critics worry it's too friendly to Trump’s crypto connections.

The bill now goes to the House, and if approved, it will become law soon. A big step for stablecoins in the U.S.!

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