#GENIUSActPass The US Senate voted "in favor" of stablecoins! The GENIUS Act passed with a decent score — 68 "in favor" against 30 "oh, not sure". Now it's up to the House of Representatives.

💵 The essence: they want to bring order to the world of stablecoins — tokens must be backed by dollars one to one, issuers are required to undergo audits and behave decently (that is, combat money laundering and be as transparent as glass).