🚨CØINBASE CEO: The #GENIUSAct has passed its first procedural hurdle, marking an important #milestone in the stablecoin legislation process.

🚨CIRCLE CEO JERALLAIRE SAYS “TONIGHT’S VOTE ON THE #GENIUSAct IS A HUGE STEP FORWARD IN ADVANCING DOLLAR DIGITAL CURRENCY.”

🔹HE CALLS IT THE “FOUNDATIONAL LAYER OF THE INTERNET FINANCIAL SYSTEM.”