#GENIUSAct US advances in crypto regulation
The GENIUS bill on stablecoins has just crossed an important hurdle in the US Senate — there were 66 votes in favor and 32 against. This could be the first step towards a clear federal regulatory framework for stablecoins in the country.
Why does this matter?
It brings legal security for crypto companies in the US
It could increase institutional confidence and accelerate adoption
But... it could also open the door to greater control and centralization.