🚨 **U.S. Senate Passes First Major Stablecoin Bill!**
Senate approved the GENIUS Act (68–30 vote), aiming to regulate stablecoins with reserve backing & transparency .
Market reaction:
Stablecoin cap hits record $251.7B (up 22%) .
Circle (USDC) stock jumps ~16% on regulatory clarity .
📌 BTC & ETH remain steady (~$105K, ~$2.65K) amid global uncertainty.
What it means:
This is a huge step toward legitimizing crypto in the U.S., boosting institutional confidence. Though price action is muted now, this sets the stage for long-term growth and wider adoption.
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