#GENIUSActPass "Genius Act Pass" is a term that refers to a concept in the world of cryptocurrencies and pertains to the American "GENIUS Act," which was passed by the U.S. Senate in June 2025. The purpose of this law is to introduce federal regulations regarding stablecoins – cryptocurrencies tied to the value of the U.S. dollar. The law imposes a requirement for stablecoin issuers to hold reserves at a 1:1 ratio, maintain financial transparency, and comply with anti-money laundering and counter-terrorism financing regulations.
There is also the $GENIUS token, which was created as a memecoin inspired by the aforementioned law. It is a project that does not have actual financial backing, and its value is based on social acceptance and speculation. This is something to be cautious about.