#StablecoinLaw 🎉🎉🎉🎉🍒🍒

The US Senate's passage of the GENIUS Act marks a significant step in establishing a federal framework for stablecoin regulation. Here are the key points ¹:

- *Key Provisions:*

- *Full Reserve Backing*: Stablecoin issuers must maintain full reserves to back their coins.

- *Monthly Disclosures*: Issuers are required to make monthly disclosures to ensure transparency.

- *Licensing*: Stablecoin issuers must obtain licenses to operate.

- *Impact:*

- *Clarity and Structure*: The GENIUS Act aims to provide clarity and structure for the stablecoin industry.

- *Global Leadership*: The bill could potentially make the US a global crypto leader.

- *Next Steps:*

- *House of Representatives*: The bill has moved to the House of Representatives for further consideration.

This development demonstrates the growing importance of regulatory frameworks in the cryptocurrency space. If you're interested in staying up-to-date on cryptocurrency news and trends, you might want to keep an eye on the progress of this bill.

Some popular cryptocurrencies and their current prices are ¹ ²:

- *Bitcoin (BTC)*: $117,943.00

- *Ethereum (ETH)*: $3,616.93

- *Solana (SOL)*: $177.70

- *XRP (XRP)*: $3.39

- *WalletConnect Token (WCT)*: $0.343669 or $0.35, with a 0.74% or 4.52% increase in the last 24 hours.