#GENIUSActPass : U.S. Senate Greenlights Historic Stablecoin Bill 🇺🇸💵

In a landmark move, the U.S. Senate has passed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) with a strong bipartisan vote of 68–30, setting the foundation for America’s first federal stablecoin regulation.

The act mandates that all stablecoins be 100% backed by cash or U.S. Treasuries, enforces KYC/AML protocols, and ensures transparency from issuers—bringing trust to a market long seen as a legal gray zone. It’s a strategic step to preserve the dollar’s dominance in the digital financial space while encouraging innovation.

Industry leaders like Coinbase and Ledger welcomed the bill, calling it a leap toward mainstream adoption. However, critics like Senator Warren raised concerns about conflict-of-interest gaps, especially since the bill doesn’t apply to the President’s family holdings, despite Trump’s known crypto ties.

The bill now heads to the House of Representatives. If passed, it could be signed into law by July—ushering in a regulated, trusted era for U.S.-based stablecoins.

📣 Will this reshape crypto finance as we know it?