Market OverviewThe GENIUS Act passed the US Senate with strong bipartisan support (68-30), establishing the first comprehensive federal framework for stablecoins. This legislation addresses the $250 billion stablecoin market that could grow to $3.7 trillion by 2030, providing much-needed regulatory clarity.Key ProvisionsThe Act mandates 1:1 dollar reserves for stablecoins, establishes consumer protections, creates bankruptcy safeguards, and requires robust AML compliance. These measures aim to strengthen market stability while positioning the US as a digital asset leader.Review regulatory details-genius-act-framework) for comprehensive provisions.Trading ImplicationsExpect increased institutional adoption as regulatory uncertainty diminishes. Compliant stablecoins will likely gain market share, while non-compliant tokens may face pressure. The clear bankruptcy protections could reduce counterparty risk, potentially narrowing risk premiums.See market analysis for trading opportunities.Next StepsThe legislation moves to the House of Representatives, where passage could accelerate mainstream adoption and further legitimize stablecoins within traditional finance infrastructure.$SOL
