#GENIUSActPass The bill introduces the first official stablecoin regulations in the U.S., aiming to:

Ensure 1:1 reserves 💰

Stop money laundering 🕵️‍♂️

Improve consumer protection 👨‍👩‍👧‍👦

💥 However, there are concerns over conflicts of interest—especially involving the Trump family’s crypto investments, which earned over $57 million last year 😮.

📊 Despite the controversy, experts say this law will bring regulatory clarity and boost investor confidence 📈. USDC remains stable at $1.00 with a strong market cap of $61.56B 🚀.

Senator Tim Scott says this act will protect users while supporting financial innovation