The #GENIUSActPass (GENIUSActPass), also known as the GENIUS Act, and what it means for crypto—plus visual insights from Binance Square influencers above:
📊 Crypto Market Update
🏛 What’s the GENIUS Act?
A major step in U.S. crypto regulation, this bipartisan Senate-approved bill provides the first federal framework for stablecoins:
Passed the Senate 68‑30, bipartisan support
Mandates 1:1 reserve backing in safe assets (e.g. U.S. Treasuries)
Requires annual audits for issuers > $50 billion
Prioritizes stablecoin holders in bankruptcy (“super‑priority”)
Only banks and qualified non‑banks can issue; Big Tech must meet strict criteria
President and family are exempt from issuance bans—criticized by some Democrats
The bill now moves to the U.S. House for consideration.
💥 Market & Industry Reaction
Ark Invest sold ~$45 m of Circle (CRCL) shares post-passage, signaling sector rotation
Circle (USDC) is seen as the major stablecoin beneficiary; it's already compliant
Traditional banks (e.g., JPMorgan, BofA) are now positioned to become key issuers
Tether (USDT) faces regulatory uncertainty given past opacity
The Act is projected to unlock a potential $3.7 trillion stablecoin market by 2030
🤔 Why It Matters for You
Stablecoins used daily (USDT, USDC) now gain stronger legal footing and consumer protections.
This framework enhances regulatory clarity, appealing to institutional players.
It may reshape partnerships, shifting leverage to banks and well‑compliant issuers.
Influencer posts (like those shown) emphasize increased activity—especially around BNB—and reflect broader crypto sentiment tied to GENIUSActPass.
📸 What the Images Show
The Binance Square carousel highlights today’s chatter under tags like #GENIUSActPass and #BombieBinanceTGE. Influencers share charts, trading updates, and insights on token performance, signaling elevated community attention.
✅ Summary
1. Senate approved the bipartisan GENIUS Act (68–30).
2. Framework sets strict reserve, audit, and issuance rules.
3. Moves to the House next—final law will shape U.S. stablecoin use.
4. Circle, banks, and compliant issuers stand to benefit.
5. Markets are adjusting: Ark Invest rotation and influencer hype evident.