#GENIUSActPass 💥 WOW! The GENIUS Act passed!

Yesterday (06/17), the U.S. Senate gave a big "yes" to the GENIUS Act, a bill that is making waves in the crypto world. There were 68 votes in favor and 30 against—meaning it passed beautifully.

🪙 But what is this GENIUS Act?

Basically, it's the first law in the U.S. that brings order to the stablecoin barn (those cryptos that try to mimic the dollar, like USDC, USDT, etc.). The goal?

👉 To bring clear rules so it doesn't turn into chaos—nor let politicians and big tech do whatever they want.

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⚙️ What changes with this new law?

• Stablecoins must have a 1:1 reserve—no inventing tokens without having the money properly saved.

• Total transparency—those who issue stablecoins will have to open their numbers monthly.

• No Big Tech turning into crypto banks—Apple, Meta, and the like can only play this game if they have heavy approval.

• Compliance is a must—all issuers must adhere to anti-money laundering laws.

Ah! And a controversial detail: senators cannot profit from stablecoins, but President Trump and family are exempt. 👀

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💸 And the impact of this?

• The market went a bit crazy. Some people are saying this could increase trust in stablecoins and even double the size of this market in the coming years.

• Companies like Circle (USDC) are already smiling from ear to ear.

• On the other hand, the more decentralized crowd is a bit uneasy 😬, because the government now wants to know everything…

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And now?

Now the bill goes to the House of Representatives. If it passes there too, Trump will sign it, and it becomes law.