#GENIUSActPass Here’s a concise 120‑word post about the GENIUS Act:

The Senate has just passed the GENIUS Act—a landmark bipartisan bill establishing the first federal framework for stablecoins—with a strong 68–30 vote . This legislation mandates that stablecoin issuers hold 1:1 reserves in cash or short‑term U.S. Treasuries, meet transparency and auditing standards, and adhere to AML and consumer‑protection rules . It bans Congress from profiting off these tokens (though critics note a loophole for the president’s family) . Seen as a major win for crypto, the bill now heads to the House, where it may be paired with broader crypto reform measures . If finalized, the GENIUS Act would mark a milestone for U.S. crypto innovation and consumer confidence.