🚨 ¡ #GENIUSActPass is a Historical Reality! 🚨
With a Voting of 68 to 30, the U.S. Senate has approved the GENIUS Act, marking a before and after in the regulation of Cryptocurrencies in the Country 💥. This is the First Major Crypto Legislation to pass through the Senate, and its impact will be Global 🌍.
📜 The GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) establishes a Legal Framework for Stablecoins, allowing Banks, Fintechs, and even Major Retailers like Amazon or Walmart to issue their own Digital Tokens. Furthermore, it requires full backing in Reserves, Monthly Audits, and Compliance with Anti-Money Laundering Regulations.
💬 “This is the Beginning of a New Era for Digital Payments,” declared Senator Bill Hagerty. Meanwhile, the Crypto Market celebrates this step as a Historical Victory for the Adoption and Legitimization of the Blockchain Ecosystem.
🔥 What does this mean for you?
✔️ More institutional trust
✔️ New investment opportunities
✔️ Greater regulatory clarity