📅 At 15:30: The U.S. Senate approved the GENIUS Act by 68‑30, establishing:
• 1:1 backing with dollars or T-Bills and monthly audits.
• Federal oversight for large issuers, and state oversight for smaller ones .
• Moving to the House and possible signature before the end of summer.
🌟 Impact:
• Circle (USDC) rose +16‑20 % in its shares (USD 174‑179) after the approval .
• Strengthens crypto institutionalization and boosts digital payments with stablecoins.
• Concerns about regulatory gaps for Trump and potential conflicts of interest
