#GENIUSActPass Big News for Crypto! The U.S. Senate Passes the GENIUS Act! 🇺🇸💸
The U.S. Senate has approved the GENIUS Act with strong bipartisan support (68 votes) ✅. This is a historic move for the crypto world 🌍, especially for stablecoins like USDC 💵.
🔐 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 😮.
