#GENIUSActPass

The U.S. Senate passed the GENIUS Act (68-30), a landmark bill regulating stablecoins, paving the way for innovation and consumer protection. This bipartisan legislation mandates 1:1 reserve backing, monthly disclosures, and strict AML compliance for issuers, fostering trust in digital payments. Despite concerns over conflicts of interest, the Act could integrate stablecoins into mainstream finance, potentially growing the market to $2.5T, as predicted by Bitwise’s CIO. With the bill now heading to the House, the crypto industry celebrates this step toward regulatory clarity, positioning the U.S. as a global leader in blockchain innovation. #GENIUSActPass #Stablecoins #CryptoRegulation