#GENIUSActPass 📰 GENIUS Act’s Big Win, Big Gaps: Why Crypto’s Global Adoption Still Waits 🌍

On June 17, 2025, the U.S. Senate passed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) with a 68-30 bipartisan vote, a landmark for stablecoins like USDC 🇺🇸. Championed by Sen. Bill Hagerty, it enforces 1:1 dollar backing, consumer protections, and federal oversight for issuers 🏦, aiming to legitimize digital dollars 💵. USDC, Circle’s $61B+ stablecoin 🥈 on 21 blockchains like Ethereum 🧱 and Solana ☀️, stands to gain big.But for global crypto adoption? The Act falls short 🚧. It’s U.S.-centric, ignoring cross-border regulatory harmony 🌐. No clarity on non-stablecoin assets like Bitcoin or altcoins 📉, leaving DeFi and NFTs in limbo. Privacy concerns linger—strict KYC/AML rules could alienate users valuing anonymity 🔒. Sen. Elizabeth Warren flagged weak anti-money laundering measures 😕. It also sidesteps tax frameworks or wallet standards, critical for mainstream use 💸. Global markets like Asia and Europe, with their own rules (e.g., EU’s MiCA), won’t sync easily 🤝. The House may tweak it 🏛️, but without broader scope, crypto’s worldwide dream stays distant 🌙.