US Senate Passes GENIUS Act: A Major Step Forward for Stablecoin Regulation

The US Senate took a significant step forward in regulating stablecoins by passing the GENIUS Act, marking a major breakthrough in US legislative history. This bipartisan bill aims to establish a regulatory framework for stablecoin issuers and could significantly impact market stability and institutional adoption. The act passed after months of debate with over 120 amendments considered before final approval. The legislation is anticipated to bring clarity to the sector and potentially attract greater investment from institutions, although details remain complex.