#GENIUSActPass #GENIUSActPass

The U.S. Senate has passed the GENIUS Act with a historic vote of 68–30, marking a major step for a regulated framework for stablecoins 🇺🇸

🔐 The bill now requires:

• 1:1 reserves in liquid assets (Treasuries, cash)

• Monthly public disclosure of reserve composition

• Annual audits for large issuers

• Prohibition of interest or returns for holders

• Technical ability to freeze or seize tokens for legal compliance

• Authorization for licensed banks to issue stablecoins

💼 Major companies like Visa, Amazon, and Mastercard are already exploring issuance.