#GENIUSActPass

The Senate’s adoption of the #GENIUSActPass marks a milestone in U.S. crypto regulation. Passed on June 17 with a 68–30 bipartisan vote, the Act establishes the first federal framework for stablecoins—requiring issuers to back tokens with liquid reserves like U.S. Treasuries, implement consumer safeguards, and address national‑security risks . Despite tensions over former President Trump’s crypto ventures—particularly his family’s interest in World Liberty Financial—the Act sailed through after Democrats secured stricter ethics measures . Now headed to the House, the GENIUS Act signals Washington’s growing resolve to shape the future of digital money. #CryptoCongress