🚨BREAKING NEWS🚨

🧠 GENIUS Act: U.S. Senate Passes Groundbreaking Stablecoin Regulation

📅 June 17, 2025 – The U.S. Senate has passed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) with a strong 68–30 bipartisan vote, marking a huge milestone for crypto regulation in the U.S.

🔍 Key Highlights:

✅ 1:1 Reserve Requirements: All stablecoins must be fully backed by U.S. dollars or highly liquid assets like Treasuries.

🧾 Monthly Disclosures & AML: Issuers over $50B in assets face stricter anti-money laundering checks and must provide regular reserve audits.

🚫 Big Tech Ban: Companies like Amazon, Meta, and non-regulated foreign entities are barred from issuing their own stablecoins.

⚖️ Conflict-of-Interest Rules: Lawmakers and execs can’t hold stablecoins or profit off them while in office. Big transparency push for holdings over $5,000.

💥 Why It Matters:

🏦 First real U.S. federal framework for stablecoins—this gives legal clarity and unlocks institutional growth.

💸 Favors regulated players like Circle ($USDC ), while putting more pressure on Tether ($USDT) to stay transparent.

🏛 Legacy finance (like Bank of America and Fidelity) now has a green light to explore regulated stablecoin products.

🔗 Boosts momentum for real-world asset tokenization and TradFi–DeFi integration.

🧠 Summary:

The GENIUS Act is a massive win for U.S. crypto adoption—setting clear, strict rules for stablecoin issuers while opening the door for banks and institutions to step in. The bill now heads to the House for the next round, with potential for a full rollout by late 2025. USDC = front-runner.