#GENIUSActPass The U.S. Senate voted "in favor" of stablecoins! The GENIUS Act passed with a decent score — 68 "for" versus 30 "oh, not sure." Now it's up to the House of Representatives.

💵 The 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 properly (that is, fight against money laundering and be as transparent as glass).

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