#GENIUSActPass

The #GENIUSActPass hashtag is lighting up right now—and for good reason. The U.S. Senate just passed the **GENIUS Act**, a landmark bill that lays down the first federal framework for regulating stablecoins. It passed with a strong bipartisan vote of 68–30 and now heads to the House for consideration.

The GENIUS Act—short for *Guiding and Establishing National Innovation for U.S. Stablecoins*—aims to bring clarity and oversight to the $250+ billion stablecoin market. It includes provisions like:

- Requiring stablecoin issuers to maintain adequate reserves.

- Mandating disclosure of holdings by government officials.

- Strengthening consumer protections and anti-money laundering rules.

Supporters say it could boost U.S. leadership in crypto innovation while protecting consumers and the financial system.