The #GENIUSActPass came out of the oven and is already making waves. The U.S. Senate approved the bill that creates the first federal regulatory framework for stablecoins. Now, any issuer will have to prove that they have dollar reserves and publish monthly transparency reports. The market is buzzing because this opens the door for traditional banks to fully engage in the crypto game. But of course, there is controversy. The text has a huge loophole that exempts the Trump family from certain rules, which has already caused an outcry from Democrats and experts. The next step is the House. If it passes, the stablecoin market will never be the same.