#GENIUSActPass

Yesterday, the U.S. Senate approved the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) with a bipartisan vote (68–30), marking the first strong federal law for stablecoins. The most important points:

🛡️ Reserves 1:1: each token must be backed by dollars or equivalent liquid assets.

📢 Transparency: monthly reports and annual audits for large issuers (> US$ 50 billion).

👥 Bankruptcy priority: in case of bankruptcy, users are repaid first.

🏦 Opens the door for banks, fintech giants, retailers, and companies like Meta or Walmart to issue stablecoins.

After years of uncertainty, there is a clear structure. But there are also criticisms: it does not include the president in personal restrictions (lacking full ethics) and some legislators fear that Trump could benefit with his USD1.

Additionally, shares of key companies have already reacted: Circle rose +27% after the announcement, and Coinbase +17%, showing institutional optimism.