#GENIUSActPass The Genius Act was adopted by the U.S. Senate with 68 votes in favor and 30 against. This bill aims to establish a regulatory framework for stablecoins, entrusting their oversight to the Federal Reserve. The issuers of these currencies must comply with strict security standards and hold dollar reserves to ensure the parity of their tokens. Although supported by Republicans, this law faces criticism from some Democrats, who denounce conflicts of interest related to Trump's involvement in the cryptocurrency sector. The law still needs to be approved by the House of Representatives.