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

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

đŸ‡ș🇾 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:

đŸ”č Establishes a regulatory framework for payment #Stablecoins

đŸ”č Backed by both Republicans and Democrats

đŸ”č Supported by crypto stakeholders after nearly 40 proposed amendments

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

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