🇺🇸 The US Senate has passed the GENIUS Act 🏛️ — the first major law regulating stablecoins at the national level! 🎉 With strong bipartisan support (68–30), this is a historic step for the crypto market and the stability of the financial system 📈.
✅ Confirmed 1:1 backing (USD or government bonds)
🔍 Monthly audits and transparency
🛡️ AML/KYC checks
🚫 Prohibition of issuance for government officials
This law opens the door for giants like Visa, Mastercard, and Amazon to fully utilize digital assets 💳🌐. Circle will benefit the most, and the entire industry will gain a powerful boost in trust 💼🔗.
🧭 Next — voting in the House of Representatives. If the president signs the law — a new era for DeFi and stablecoins begins! 🚀
