📢 The U.S. Senate approves the Genius Act: new law for stablecoins.

On June 17, 2025, the U.S. Senate approved the Genius Act, the first law regulating stablecoins.

What does the law say?

• Each stablecoin must have real backing in dollars or safe assets.

• Large issuers must report regularly and undergo audits.

• Controls are required to prevent money laundering.

• Stablecoins without real backing (like Terra/Luna) are not allowed.

• Public officials cannot create their own stablecoins.

This law will provide more security and confidence, which may help companies and banks to use stablecoins more. Large companies like Visa and Amazon are already interested.

But there are also concerns about privacy and the power these companies could have.