#MyTradingStyle In a landmark move, the U.S. Senate has passed the GENIUS Act — the first major federal legislation aimed at regulating stablecoins — with strong bipartisan support in a 68–30 vote. The bill introduces strict requirements for stablecoin issuers such as Circle and Tether, including full 1:1 reserve backing, monthly financial disclosures, and mandatory licensing at the federal or state level. Designed to boost transparency, curb financial crimes, and block unregulated foreign stablecoins, the law responds to growing concerns about the risks stablecoins pose to the U.S. financial system, including stress on the Treasury markets. Following the vote, Circle’s stock jumped 16%, reflecting investor confidence in the regulatory clarity. The legislation now heads to the House, where it could be combined with broader cryptocurrency reforms — a significant step toward establishing a legal framework for stablecoins and reinforcing U.S. leadership in crypto regulation.