#GENIUSActPass The US Senate has passed the GENIUS Act, also known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act, with a significant 68-30 vote. This landmark bill aims to regulate stablecoins, a type of cryptocurrency pegged to stable assets like the US dollar.

*Key Provisions:*

- *Regulatory Framework*: Establishes a framework for stablecoin issuers, requiring reserves in dollars

- *Innovation Boost*: Expected to ignite innovation across US tech, AI, and education sectors

- *Tax Incentives*: Offers generous tax incentives, research grants, and STEM education funding

- *Next Steps*: Bill now moves to the House for review, followed by the STABLE and CLARITY Acts

*Market Impact:*

- *Faster Payments*: Could pave the way for faster payments and digital asset innovation

- *Market Volatility*: Traders are advised to stay alert, with strong sell momentum and potential fakeouts near support zones