The GENIUS Act passed by the U.S. Senate on #GENIUS稳定币法案 is significant as it establishes a federal regulatory framework for the U.S. dollar stablecoin, clarifying rules for issuance, reserves, anti-money laundering, and prohibiting interest-bearing stablecoins and misleading names. It also establishes consumer protection and bankruptcy priority rules. This act solidifies the position of the U.S. dollar in the digital currency space, promotes compliance for stablecoins, and provides a reference model for global stablecoin regulation.