#GENIUSAct

The GENIUS Act aims to regulate stablecoins in the US, ensuring consumer protection and maintaining the dollar's dominance. Key provisions include a dual oversight system, reserve requirements, consumer protection, and anti-money laundering protections. The act has passed the Senate and is now being considered in the House of Representatives.

The GENIUS Act has passed the Senate and is being considered in the House of Representatives. Its implementation could significantly impact the stablecoin market and cryptocurrency industry.