#GENIUSActPass 1. The US Senate passed the GENIUS Act on June 17 with a vote of 68–30, providing a federal framework for regulating stablecoins – crypto tokens pegged to the US dollar.

2. Bipartisan support: 18 Democrats joined the majority of Republicans despite Elizabeth Warren's concerns about potential conflicts of interest related to Trump’s USD1.

3. Key provisions of the new law:

• Stablecoins must be fully backed by reserves (cash or US Treasuries),

• issuers are required to publish monthly reports,

• AML/KYC requirements are introduced and priority payout to holders in case of bankruptcy.

4. What’s next: the document is now headed to the House of Representatives, where a similar STABLE Act is being discussed – further unification is possible.

5. Market impact: auditors expect significant growth – Bitwise CIO forecasts that the market could reach 2.5 trillion $ amid the new regulations, and analysts note the potential for attracting institutional capital.