#GENIUSActPass The USA has passed a historic law for the crypto industry — GENIUS Act! 🚀

The US Congress has approved the GENIUS Act — the first law in history creating federal regulation for stablecoins (cryptocurrencies pegged to the US dollar).

🔍 What you need to know:

✅ Only banks and licensed organizations will be able to issue such tokens;

💵 100% asset backing — stablecoins are now truly "backed by the dollar";

📊 Transparency: monthly reports, annual audits;

🛡️ Consumer and national security protection;

🧾 The law excludes stablecoins from SEC oversight — this is a new category of digital assets.

🗳️ The law passed the Senate with bipartisan support (68–30) and will soon be voted on in the House of Representatives. If it passes — it will change the game on the cryptocurrency market in the USA and beyond.

⚠️ There are also disputes surrounding the law: particularly regarding the role of politicians, as well as the potential influence of large tech companies and former President Trump.