🇺🇸✨ U.S. Senate Passes Historic Stablecoin Bill — Major Win for Crypto 💰🚀
In a landmark move, the U.S. Senate has passed the GENIUS Act 📜, a bill to regulate stablecoins—digital tokens pegged to the U.S. dollar. With strong bipartisan support (68–30), this marks a key step toward a national crypto framework. ✅
🔐 What's in the Bill?
Stablecoins must be backed by liquid assets like cash or short-term Treasuries
Monthly disclosures of reserve holdings
Tightens rules to ensure transparency and trust
🏛️ The bill now heads to the House of Representatives, where it must pass before reaching President Trump’s desk ✍️
💸 Why it matters:
The bill gives the crypto world its first real legal clarity, especially for U.S.-based issuers. With over $119M spent by the industry backing crypto-friendly lawmakers, this push has been long in the making.
🔥 But it's not without controversy:
Critics warn it could empower Big Tech to launch their own stablecoins
Concerns over foreign issuers, money laundering risks, and the President's own crypto ventures like $TRUMP coin and World Liberty Financial 🪙
Lawmakers argue whether this bill prioritizes innovation or opens doors to abuse
⏳ The House version may bring changes. State banking regulators are pushing back, citing risks from uninsured crypto banks operating across states.
📌 If passed, the U.S. could set a global standard for regulating stable digital assets — a pivotal shift in how crypto coexists with traditional finance.
💼📉📈💻 Stay tuned — the future of money is being written right now.
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