🧠💵 #GeniusActPass: The U.S. Just Made Crypto History 🇺🇸🚀

The U.S. Senate has passed the GENIUS Act, the country’s first major stablecoin law, with strong bipartisan support (68–30). Here's why it's a game-changer for crypto:

🔒 Stablecoins must be 100% backed by cash or safe assets like U.S. Treasuries

📊 Monthly disclosures & yearly audits required

📜 Issuers need licenses (U.S. or foreign) to operate

🛡️ Protections for users if issuers go bankrupt

🚫 Congress can't invest in stablecoins (but the rule exempts the President 👀)

💥 What this means:

✅ More trust in stablecoins

🏛️ Clear rules for companies like Circle & PayPal

🏦 Big banks & tech giants (like Amazon & JPMorgan) prepping to launch their own coins

📈 $USDC #GENIUSActPass #DeFi #BinanceSquare

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