📢 GENIUS Act Just Passed: A New Era for Stablecoins Begins🚨🚨🚨🚨
The U.S. Senate has officially passed the GENIUS Act, the first federal law providing a regulatory framework for stablecoins. With strong bipartisan support (68–30), this move marks a massive shift in how crypto assets, especially stablecoins, will be handled in the U.S.
The GENIUS Act enforces 1:1 asset backing, monthly disclosures, and federal/state licensing for issuers. It also includes robust consumer protections, anti-money laundering compliance, and bankruptcy safeguards for token holders.
Market reaction has been swift. Coinbase stock surged 17%, and stablecoin giants like Circle saw renewed investor confidence. Meanwhile, traditional payment giants like Visa and Mastercard slipped slightly, as the market anticipates a shift toward blockchain-based settlements.
President Trump has urged the House to pass the bill “ASAP,” and insiders expect it to be signed into law before the August recess.
💡 This could unlock trillions in blockchain-based payments, boost DeFi legitimacy, and drive U.S. leadership in digital finance.
Is this the turning point stablecoins needed?
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Not financial advice. Stay informed and invest wisely.
