🇺🇸 US Senate Advances GENIUS Act – Stablecoin Regulation Bill Nears Final Vote

The US Senate approved the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) in a 68–30 vote, moving it closer to becoming law. The cloture vote clears the way for a final vote, possibly as soon as Monday.

🔒 Key Highlights:

Requires stablecoins to be fully backed by USD or liquid assets

Mandatory audits for issuers with market cap over $50B

Covers foreign-based issuers under new rules

Senator Tim Scott called it a win for innovation & national security.

Trump's team supports the bill and says he will sign it if passed before August.

Stay tuned — stablecoin regulation in the US is now one step away from becoming reality.

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