#GENIUSActPass ..The U.S. Senate approved the GENIUS Act, which is considered the first comprehensive regulatory framework for dollar-pegged stablecoins, marking a pivotal moment in the regulation of the digital asset sector. The law mandates stablecoin issuers to hold liquid financial reserves such as cash and Treasury bonds, alongside monthly disclosures of those assets to ensure transparency and stability. The bill received broad bipartisan support, with 68 members in favor and 30 against, in a move that reflects rare consensus on a highly sensitive issue. Nevertheless, the law has sparked internal controversy due to what some Democrats consider loopholes related to conflicts of interest, particularly with the exemption of the president and their family from certain restrictions imposed on Congress. Questions were also raised about the potential for increased influence of major tech companies through this legislation. The law is now heading to the House of Representatives, where it is expected to undergo further discussions and possibly amendments before reaching the President's desk. This regulatory framework is expected to transform the landscape of digital currencies, as it opens the door for broader adoption of stablecoins while maintaining financial safety standards and user trust in the digital financial system...