#GENIUSActPass The US Senate voted "in favor" of stablecoins! The GENIUS Act passed with a decent score — 68 "for" against 30 "oh, 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 are required to undergo audits and behave decently (that is, fight money laundering and be as transparent as glass).