#GENIUSActPass

The US Senate voted "in favor" of stablecoins! The GENIUS Act passed with a decent score — 68 "for" against 30 "oh, I'm not sure." Now it's up to the House of Representatives.

💵 Essence: they want to bring order to the world of stablecoins — tokens must be backed one-to-one by the dollar, issuers must undergo audits and behave decently (that is, combat money laundering and be as transparent as glass).

📜 The author of the bill — Republican Senator Bill Hagerty, believes that this law will help the US remain the financial boss in the world of Web3.

🎯 The crypto community is already applauding: finally, something coherent from the authorities! And if the House of Representatives also says "yes," then the market will receive clear rules of the game and dollars in the blockchain will feel at home 🏠💸