$USDC 🚨 **United States. Senate Passes First Major Stablecoin Bill! **
The Senate approved the GENIUS Act (68-30 vote), aiming to regulate stablecoins with reserve backing and transparency.
Market Reaction:
Stablecoin market cap reaches a record $251.7 billion (up 22%).
Circle's stock (USDC) jumps nearly 16% on regulatory clarity.
📌 BTC and ETH remain steady (~ $105,000, ~ $2,650) amid global uncertainty.
What This Means:
This is a significant step towards legitimizing cryptocurrency in the United States, boosting institutional confidence. Although price movements are quiet now, this paves the way for long-term growth and broader adoption.
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