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Mir Mahmudun Nabi
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Good Night Crypto World. $BTC $ETH $XRP #Binafam🖤 #Mir
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Good Night Everyone. Welcome to 金狗社区 （猎庄 × 宁凡） Binance Kol Chatbox. Join & Received Every day's red packet in chat. Join here 金狗社区 （猎庄 × 宁凡） $BTC $NEIRO $PEPE
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#GENIUSActPass The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) just passed the U.S. Senate on June 17, 2025, by a 68–30 bipartisan vote. This Senate approval is the first-ever major crypto‑focused legislation to clear that chamber—and it now heads to the House. 🏛️ Key Provisions Establishes a federal regulatory framework for stablecoins (dollar-pegged cryptocurrencies). Mandates 1:1 reserves in cash or Treasuries and monthly audited disclosures for large issuers (over $50 billion). Requires issuers to comply with anti‑money laundering rules and undergo regulatory oversight similar to banks . Bars lawmakers and executive officials from issuing stablecoins to prevent conflicts of interest. Tightens rules around foreign and non-financial issuers, partly targeting firms like Tether . ✍️ Political Dynamics Bipartisan support: 18 Democrats joined Republicans in backing the bill. Critics include Senator Elizabeth Warren, who argues it lacks strong enough safeguards. 🛣️ What’s Next? Moves to the Republican-controlled House, where a companion STABLE Act is under discussion. House legislators may push for stricter consumer protections or merge it with broader rules (e.g., market‑structure reforms under a “CLARITY Act”). If passed by both chambers, it's expected to be signed by President Trump before the August congressional recess. 🌐 Industry Impact Market reaction: U.S.-based issuers like Circle (USDC) stand to benefit, while foreign stablecoins like Tether (USDT) face new constraints. Corporate interest: Big firms—Visa, Mastercard, Amazon, Walmart—had been exploring stablecoin options, and the legislation provides needed clarity. Global implications: Seen as a strategic move to reaffirm the dollar's dominance in the digital asset space.
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Good Morning. Spreading Love & Happiness 💙 $BTC $XRP $SOL
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#CryptoRoundTableRemarks $BTC $XRP 金狗社区 （猎庄 × 宁凡） Welcome to here in Kol Chat Box.
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