#CryptoStocks The United States Senate has recently approved the GENIUS Act, a legislative milestone aimed at regulating stablecoins, cryptocurrencies linked to the dollar. This measure has strongly boosted companies like Circle, the issuer of USDC, whose shares rose more than 30% after the announcement. The law requires that stablecoins be backed by liquid assets and that issuers disclose their reserves monthly. It also includes annual audits for large-cap issuers. President Trump has expressed his support, stating that this legislation will position the U.S. as a leader in digital assets. The law still needs to be approved by the House of Representatives, but the bipartisan support in the Senate suggests a favorable path toward its enactment.
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