#GENIUSActPass 🧠 GENIUS Act: U.S. Sets Stage for Stablecoin Regulation

Big news from the U.S. Senate đŸ‡ș🇾 — the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) just passed with strong bipartisan support.

Here’s why it matters 👇

✅ Only licensed issuers (banks or approved nonbanks) can issue payment stablecoins

đŸ’” 100% reserve backing required – fully backed by USD or equivalents

🔒 Holders protected with first claim on reserves if issuers go bankrupt

đŸš« No SEC/CFTC classification – stablecoins won’t be treated as securities or commodities

🌎 Foreign issuers allowed, but only under U.S.-approved regulatory conditions

This is the first major federal stablecoin framework — aiming to boost adoption, protect users, and keep the U.S. competitive in digital finance.

📌 If passed by the House, this could reshape the stablecoin market entirely.

#CryptoNews #Stablecoin #RegulationReset #BinanceSquare #GENIUSActPass