#GENIUSActPass

🏛️ U.S. Senate Passes GENIUS Act to Regulate Stablecoins, Marking Crypto Industry Win (CoinDesk)

This standout piece by CoinDesk’s Jesse Hamilton delivers everything you need:

📌 What it covers: The article explains the GENIUS Act's key provisions like mandated 1:1 reserves in cash or short-term Treasuries, audited transparency, AML compliance, a federal chartering process, and CFTC enforcement powers .

🤝 Why it matters: Highlights how this is the first major digital‑assets bill ever to clear the Senate, setting a pivotal precedent .

🧭 Insightful context: Details bipartisan support, Senate committee vetting, and next steps in the House—thus illuminating both legislative dynamics and strategic implications .

In short: It’s balanced, factual, and packed with both technical detail and political context—ideal for grasping the full impact of GENIUS.

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🧩 Other Noteworthy Reads

**The Wall Street Journal – “Senate Passes Stablecoin Bill in Big Win for Crypto Industry”**

Offers in-depth analysis on regulatory restrictions and bipartisan dynamics .

**Barron’s – “Senate Passes Stablecoin Bill as Crypto Eyes a Bigger Prize”**

Frames the bill within broader crypto policy negotiations (like the CLARITY Act), and compares stablecoin giants USDT and USDC .

**The Verge – “Senate passes GENIUS stablecoin bill in a win for the crypto industry”**

Summarizes the political tension around the bill—including concerns over Trump-linked crypto memecoin ventures .

**Axios – “Senate passes GENIUS Act despite crypto corruption concerns”**

Highlights the ethical debates and bipartisan hurdles the bill overcame .