#GENIUSActPass
The GENIUS Act has received bipartisan support in the Senate
The United States Senate has approved the GENIUS Act bill, the first large-scale initiative in the cryptocurrency sector, with 68 votes in favor and 30 against, and it has been forwarded to the House of Representatives.
The document provides for strict regulation of stablecoins, including full backing of tokens in US dollars or short-term bonds, annual audits, and transparency requirements.
The bill is supported by both the Department of the Treasury and industry representatives, as it promises to strengthen the dollar's position in the digital economy and attract investment.