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Crypto_Ajinkya
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#GENIUSAct 🚀 Big News: U.S. Senate Moves Forward on Stable coin Regulation! The Senate has voted 66–32 to advance the GENIUS Act, a major step toward creating the first official federal stable coin framework! Here’s what’s inside: 📌 Key Highlights: Dual Oversight System: State regulators will oversee stable coin issuers with assets under $10B. Federal regulators will step in for bigger players. Strong Reserve Rules: Stable coins must be fully backed by real assets. Monthly audits will be required—aimed at avoiding another Terra-style collapse. Bipartisan Support: The bill has been revised to focus purely on consumer protection, dropping politically charged clauses. 💡 Why It Matters: With stable coins now at a $250B market cap, the U.S. needs to keep up with international competition (like Europe’s MiCA). This Act could supercharge institutional adoption—even Visa is investing in stablecoin infrastructure (e.g., BVNK)! 🔜 What’s Next: A final Senate vote is expected by Memorial Day. If it passes, this could change the future of U.S. crypto regulation!