📢 BREAKING: #GENIUS Act Passes House — Stablecoin Bill Called a Historic Milestone

🔥 The GENIUS Act has officially passed the House, marking the first time Congress has passed bipartisan digital asset legislation through both chambers.

🇺🇸 Senator Tim Scott called it a “major milestone” for U.S. leadership in crypto and payment innovation, aligning with efforts to position the U.S. as the “crypto capital of the world.”

📜 Key points:

🔹 Establishes a regulatory framework for payment #Stablecoins

🔹 Backed by both Republicans and Democrats

🔹 Supported by crypto stakeholders after nearly 40 proposed amendments

🔹 Shaped in part by the Senate Subcommittee on Digital Assets, led by Sen. Cynthia Lummis

🗣️ “Digital assets and blockchain tech are here to stay — and the law should reflect that,” said Scott.