#GENIUSActPass A Landmark Moment for Stablecoin Regulation
The U.S. Senate has passed the GENIUS Act in a historic 68-30 bipartisan vote, marking the first federal framework for stablecoin regulation. This landmark bill ensures consumer protection with 100% reserve backing, monthly transparency reports, and strict marketing rules, while bolstering national security via AML compliance and sanctions enforcement .
By prioritizing stablecoin holders in insolvency and restricting risky reserves, the Act aims to stabilize the $232B market and cement U.S. leadership in digital finance . Next stop: the House. 🚀
