Odaily Planet Daily News: The U.S. Senate passed the "Guidance and Establishment of the U.S. Stablecoin National Innovation Act" (referred to as the "GENIUS Act") on Tuesday, establishing a regulatory framework for dollar-pegged stablecoins. This milestone event marks the entry of the digital asset industry into a new era. The bill garnered overwhelming bipartisan support with 68 votes in favor and 30 against, with several Democratic lawmakers collaborating with the majority of Republican lawmakers to bring federal regulations to fruition. The bill has now been submitted to the Republican-controlled House of Representatives for review, and if passed smoothly, it will be presented for Trump's signature. Analysts believe that if the bill takes effect, it will require stablecoin issuers to hold liquid assets such as U.S. dollars and short-term U.S. Treasury bonds as reserves, and to disclose the composition of these reserves monthly. (Reuters)