#GENIUSActPass GENIUS Act Receives Bipartisan Support in Senate The U.S. Senate passed the GENIUS Act, the first comprehensive cryptocurrency initiative, with a 68-30 vote and has been forwarded to the House of Representatives. The bill calls for strict regulation of stablecoins, including full backing of tokens with U.S. dollars or short-term government securities, annual auditing, and transparency requirements. The bill is supported by both the Treasury and industry representatives, as it promises to strengthen the dollar’s position in the digital economy and attract investment.
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