#GENIUSActPass "GENIUSActPass" refers to the recent passing of the GENIUS Act by the U.S. Senate.

Here's a breakdown:

* What it is: The GENIUS Act, or "Guaranteeing Essential Non-bank Issuance of United States Stablecoins," is a landmark piece of U.S. legislation aimed at regulating stablecoins. Stablecoins are cryptocurrencies like USDC or USDT that are pegged to the U.S. dollar or other stable assets.

* Purpose: The primary goal of the GENIUS Act is to:

* Establish clear rules for issuing and managing stablecoins, particularly for non-bank issuers.

* Provide stronger consumer protections by reducing scams and improving transparency in the stablecoin market.