#GENIUSActPass
■ A historic moment for cryptocurrencies!
● A major victory for the American cryptocurrency industry
After years of debate and discussion, the U.S. Senate has achieved a historic milestone by passing the GENIUS Act with a resounding majority of 68-30 votes, marking the first time comprehensive federal legislation has been passed to regulate stablecoins!
☆♡ What is the GENIUS Act?
GENIUS stands for "Guiding and Establishing National Innovation for U.S. Stablecoins," and it is the law that will change the face of the cryptocurrency industry in America and the world.
▪︎▪︎▪︎ Key features of the law:
♧♧ A comprehensive regulatory framework: The first federal law regulating stablecoins tied to the U.S. dollar
