The U.S. Senate recently passed the "GENIUS Act" (Guiding and Establishing National Innovation for US Stablecoins).

This legislation aims to establish a clear regulatory framework for stablecoins in the United States. The law seeks to enhance the dominance of the U.S. dollar in the digital age, attract innovation in the field of digital assets, and improve payment systems. This law is expected to increase security clarity and enhance public adoption of stablecoins, which could lead to attracting more capital to the economy. However, the law has faced some criticism, particularly regarding certain provisions related to non-financial companies.