U.S. Senate Passes Landmark Stablecoin Bill

The GENIUS Act has passed the U.S. Senate (68–30), creating a federal regulatory framework for dollar-backed stablecoins. Key provisions include asset backing, monthly transparency requirements, and consumer safeguards. It now heads to the House of Representatives

Implications:

Offers clearer, long-awaited regulatory guidelines—a boost for institutional and retail demand.

However, trade‑offs exist: some critics worry that anti–money laundering rules are too weak and that the President’s family is exempt from restrictions