#GENIUSActPass
đ„đ #GENIUSActPass: Cryptoâs Game-Changer! đïž
The U.S. Senate just approved the GENIUS Act in a 68â30 bipartisan vote, marking a pivotal moment for stablecoin regulationâand it's trending everywhere! #GENIUSActPas empowers digital dollar tokens with real-world credibility by mandating:
đ° 1:1 reserve backing in cash or Treasuries
đ Monthly audits, annual oversight for big issuers
đĄïž AML checks and consumer protections
This isnât just bureaucracyâitâs adoption. Coinbase stock surged (~16â17%), spotlighting cryptoâs leap toward legitimacy . Major players are watchingâstablecoins are now a mainstream financial instrument.
But hold tight: it's now up to the House (via the STABLE Act) before heading to the Presidentâs desk. Watch this spaceâU.S. crypto rules are getting đ„!