#MyTradingStyle The U.S. Senate passed the GENIUS Act (68–30) to create the first federal regulations for stablecoins (cryptos like USDC pegged to the dollar).
Bipartisan support: 18 Democrats joined most Republicans.
2 Republicans (Rand Paul, Josh Hawley) voted no, citing concerns over Big Tech.
The crypto industry, which gave over $131 million to Trump’s campaign, strongly backed the bill.
Senator Elizabeth Warren opposed it, warning it could let Trump regulate his own financial ventures and rivals.
The bill now heads to the House of Representatives, which is working on a similar bill: the STABLE Act.
The act is a major win for the crypto industry, helping move U.S. crypto rules forward.
#GENIUSActPass #mytradinstyle