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UAE_CRYPTO
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#GENIUSActPass The U.S. Senate passed the **GENIUS Act** on June 17, 2025, in a **68–30 vote**, establishing the first federal regulatory framework for stablecoins—cryptocurrencies pegged to assets like the U.S. dollar. The bipartisan bill, co-sponsored by Senators Tim Scott (R-S.C.), Bill Hagerty (R-Tenn.), and Kirsten Gillibrand (D-N.Y.), mandates **reserve requirements**, anti-money laundering compliance, and consumer protections to stabilize the $200 billion market . Despite support from 18 Democrats and industry leaders (e.g., Coinbase), critics like Senator Elizabeth Warren (D-Mass.) warned it enables **presidential conflicts of interest**, as Trump’s crypto ventures could profit, and risks financial instability . The bill now heads to the House for reconciliation . #Write2Earn $BNB $SOL
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