The U.S. Senate passed the GENIUS Act, a landmark bill regulating stablecoins. It requires issuers to hold full reserves, be registered financial institutions, and comply with anti-money laundering laws. The bill is seen as a major win for the crypto industry, as it offers legal clarity and a framework for institutional adoption. However, it also raises concerns about centralization and potential corporate overreach. #SteblecoinRevolution #altcoins #Square #andrii_herasymchuk
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