#GENIUSActPass đ¨ Big News for Crypto! The U.S. Senate Passes the GENIUS Act! đşđ¸đ¸
The U.S. Senate has approved the GENIUS Act with strong bipartisan support (68 votes) â . This is a historic move for the crypto world đ, especially for stablecoins like USDC đľ.
đ The bill introduces the first official stablecoin regulations in the U.S., aiming to:
Ensure 1:1 reserves đ°
Stop money laundering đľď¸ââď¸
Improve consumer protection đ¨âđŠâđ§âđŚ
đĽ However, there are concerns over conflicts of interestâespecially involving the Trump familyâs crypto investments, which earned over $57 million last year đŽ.
đ Despite the controversy, experts say this law will bring regulatory clarity and boost investor confidence đ. USDC remains stable at $1.00 with a strong market cap of $61.56B đ.
Senator Tim Scott says this act will protect users while supporting financial innovation đ§ đĄ.
âď¸ Itâs a new era for crypto in the U.S. â more rules, more safety, and more trust! đĄď¸
đŹ What do YOU think â will this help crypto grow or cause
new challenges? đ¤đ
