#GENIUSActPass
๐ฅ๐ #GENIUSActPass: Cryptoโs Game-Changer! ๐๏ธ
The U.S. Senate just approved the GENIUS Act in a 68โ30 bipartisan vote, marking a pivotal moment for stablecoin regulationโand it's trending everywhere! #GENIUSActPas empowers digital dollar tokens with real-world credibility by mandating:
๐ฐ 1:1 reserve backing in cash or Treasuries
๐ Monthly audits, annual oversight for big issuers
๐ก๏ธ AML checks and consumer protections
This isnโt just bureaucracyโitโs adoption. Coinbase stock surged (~16โ17%), spotlighting cryptoโs leap toward legitimacy . Major players are watchingโstablecoins are now a mainstream financial instrument.
But hold tight: it's now up to the House (via the STABLE Act) before heading to the Presidentโs desk. Watch this spaceโU.S. crypto rules are getting ๐ฅ!