#GENIUSActPass #GENIUSActPass from Binance Square and key news sources:

Regulatory Progress

The U.S. Senate officially passed the GENIUS Act with a 68–30 bipartisan vote—a major first for federal crypto legislation focused on stablecoins .

This landmark decision now moves to the U.S. House for consideration and potential final approval before heading to the President’s desk .What the GENIUS Act Covers

Stablecoin Regulation: Requires issuers to maintain 100% USD reserves, undergo regular audits, comply with AML/KYC standards, and prioritize users in bankruptcy scenarios .

Non‑bank issuers will face clear federal oversight, significantly boosting regulatory clarity and consumer protection .