#GENIUSActPass GENIUS Act: A Historic Step Toward Stablecoin Regulation in the U.S.

The U.S. Senate has passed the GENIUS Act—short for Guaranteed Electronic USD Issuance and Safeguards Act—marking a major milestone in cryptocurrency regulation. The bill sets strict standards for stablecoin issuers, requiring 1:1 backing with U.S. dollars or Treasury assets, and mandatory annual audits for firms with over $50 billion in circulation.