BlockBeats news, on July 18, USDC issuer Circle published an article stating that the House voted to approve the (GENIUS Act) for submission to the President for signing, which is crucial for the future of the currency and internet financial system. This demonstrates strong bipartisan support for responsible innovation and clearly indicates that the U.S. will play a leading role in the regulation of dollar-backed payment stablecoins.
Circle highly praises the regulatory foundation built by congressional leaders, prioritizing consumer protection, financial integrity, and American competitiveness.