#GENIUSActPass the Post with hashtag #GENIUSActPass:

The U.S. Senate passed the bipartisan GENIUS Act, creating the first federal framework for U.S. dollar‑pegged stablecoins. The bill mandates issuers maintain 1:1 reserves in liquid assets like dollars or Treasuries, conduct monthly disclosures, and undergo AML audits—offering both consumer protection and market clarity.

Treasury Secretary Bessent projects the stablecoin market could expand to $2 trillion in a decade. While celebrated as an innovation milestone, critics—like Sen. Warren—warn it allows the president and vice president to hold stablecoins, raising ethical concerns. If signed into law, it could accelerate adoption by big banks and tech firms, solidifying stablecoins within the U.S. financial system.