The White House is reportedly on the verge of passing the "Genius Act," a groundbreaking piece of legislation aimed at regulating stablecoins. CryptoInAmerica host Eleanor Terrett broke the news, stating the bill is expected to pass today. Following the anticipated passage, a signing ceremony is planned for tomorrow at 2:30 PM (US time). The event will host industry leaders and key lawmakers involved in crafting the bill. This signals the Biden administration's commitment to providing a regulatory framework for the burgeoning stablecoin market. The "Genius Act" could bring much-needed clarity and legitimacy to the crypto space, potentially fostering further innovation and adoption of stablecoins. ```