#GENIUSActPass
Have you ever wondered how digital money could be more secure?
Great news for the security of the crypto ecosystem, the U.S. Senate has approved the Genius Act Pass. This legislation aims to provide a serious and clear framework for stablecoins like USDC USDT USTC USD1 among others, cryptocurrencies tied to the dollar.
Imagine the peace of mind knowing that your digital currency is fully backed, one-to-one!
The law requires these coins to have solid reserves and be audited regularly, seeking to protect everyone and provide a clearer path to the finances of the future.
It’s a giant step for the crypto world, although the journey doesn’t end here. Approval from the House and presidential signature are still pending. It's a reflection of how laws are trying to keep pace with innovation.