#GENIUSActPass The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) is new legislation approved by the U.S. Senate that establishes clear regulations for stablecoins, cryptocurrencies linked to the dollar. Its goal is to ensure financial security, transparency, and consumer protection.

Among its key provisions, the law requires full reserve backing, regular audits, and compliance with anti-money laundering standards. It also allows banks, fintechs, and large retailers to issue stablecoins with federal approval. Although it still needs to be debated in the House of Representatives, its approval in the Senate marks a milestone in the regulation of cryptocurrencies in the U.S. and could influence the future of the global financial sector.