#GENIUSActPass

The GENIUS Act, passed by the U.S. Senate with a 68-30 vote, is a landmark step toward regulating stablecoins, creating a federal framework for these dollar-pegged cryptocurrencies. If signed into law, it could legitimize stablecoins, fostering broader adoption by banks, fintechs, and retailers, potentially growing the market to $3.7 trillion by 2030. Stablecoins could transform finance by enabling faster, cheaper cross-border payments and integrating with traditional systems, enhancing U.S. dollar dominance. However, critics warn of risks like market volatility and weakened Federal Reserve control. The bill’s success hinges on House approval, amid concerns over exemptions for presidential crypto profits.