#GENIUSActPass đ Senate Approves Landmark Stablecoin Bill â Cryptoâs Watershed Moment! đ
The U.S. Senate just passed the GENIUS Act in a 68-30 bipartisan vote, marking the first major crypto legislation to clear Congress and setting the stage for a regulated stablecoin boom.
đĽÂ Why It Matters:
- Regulatory Clarity: Mandates 1:1 reserves (cash/T-bills) for stablecoin issuers like USDC and USDT, boosting trust.
- Institutional Onramp: Banks and tech giants (e.g., Amazon) can now issue compliant stablecoins, potentially unlocking trillions in liquidity.
- Market Impact: BTC/USDT surged to $106,250 post-vote, while ETH/USDT eyes $3,800 as DeFi activity grows.
đĄÂ Pro Tip: Watch for Fed-approved stablecoins â they could dominate payments and fuel altcoin rallies.
â ď¸Â Controversy: Critics warn of "bailout risks" and Trump-linked conflicts.
Did You Know? Stablecoins process 60% of all crypto transactions â now with U.S. oversight.
Like, comment and share to 5 people.