#GENIUSActPass 📜 The U.S. Senate has officially passed the #GENIUSActPass — a landmark move for crypto regulation and stablecoin transparency. The bill mandates that all payment stablecoins be fully backed by USD or short-term Treasury bills, with monthly public audits to ensure accountability. It also bars members of Congress from issuing stablecoins, promoting ethical standards in policymaking. Supporters hail it as a vital step toward financial innovation with safety, while critics remain cautious about enforcement and oversight. As the bill heads to the House, the crypto community watches closely. Regulation is evolving — and this could change everything. 🏛️💸

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