GENIUS Act Passed in the US Senate 🏛️
On June 18, the US Senate approved the GENIUS Act (63‑30), regulating stablecoins seriously: 1:1 reserves, annual audits, investor protection. Circle's IPO is a massive oddity. Major companies like Meta, Walmart, Visa, Mastercard are entering the stablecoin market. The supply of US Treasuries is increasing, which could disrupt the yield curve. Trump is becoming more active in the crypto sector, including supporting digital rupiah and crypto smartphones.