#GENIUSActPass
#GENIUSActPass
In a historic 68–30 Senate vote, the bipartisan GENIUS Act cleared a major hurdle—marking the strongest stablecoin regulation to date . It mandates full fiat reserves, audited disclosures, AML compliance, and blocks non‑financial/foreign entities (and Congress members) from issuing stablecoins . Backers say it brings regulatory clarity to a $240 billion market and lays the groundwork for U.S. banks and tech firms to launch stablecoins backed by Treasuries . Next stop: the House. If passed, this could position stablecoins at the heart of future digital payments and crypto innovation.
