#GENIUSActPass The U.S. Senate approved the GENIUS Act, which is the first comprehensive regulatory framework for dollar-pegged stablecoins, marking a pivotal moment in the regulation of the digital asset sector. The law mandates that stablecoin issuers maintain liquid financial reserves such as cash and treasury bonds, alongside monthly disclosures of those assets to ensure transparency and stability. The bill received broad bipartisan support, with 68 members in favor and 30 against, reflecting a rare consensus on a highly sensitive issue. However, the law has sparked internal controversy due to what some Democrats consider conflicts of interest, particularly regarding the exemption of the President and their family from certain congressional restrictions. Questions have also been raised about the potential to enhance the influence of major tech companies through this legislation. The law is now headed to the House of Representatives, where it is expected to undergo further discussions and possibly amendments before reaching the President's desk. This regulatory framework is anticipated to transform the landscape of digital currencies, as it paves the way for broader adoption of stablecoins while maintaining standards of financial security and user trust in the digital financial system.