➥ GENIUS Act - Advancing Crypto Mass Adoption While chaos swirls in the market with the FOMC and Middle East tensions, a major win for crypto flew under the radar yesterday: On June 17, 2025, the U.S. Senate passed the GENIUS Act with a 68-30 bipartisan vote, marking it as the first major digital assets bill to clear the Senate What does this mean? We’ll break it down for you, highlighting the implications that edge us closer to widespread crypto adoption. 🧵 ... — GENIUS 101 The GENIUS Act, or "Guiding and Establishing National Innovation for U.S. Stablecoins Act," is a proposed U.S. law aimed at regulating stablecoins. As of May 2025, the stablecoin market has surpassed a $230 billion market cap, representing over 60% of current crypto transactions. More than 90% of these stablecoins are pegged to the U.S. dollar, with USDC and USDT leading the market. On June 17, 2025, the U.S. Senate passed the GENIUS Act with a 68-30 bipartisan vote. The bill now moves to the House, where it must pass with the Digital Asset Market Clarity Act. Changes may be needed, requiring another Senate vote before reaching President @DonaldTrump for final approval. ... — Implications for Stablecoins and Crypto Landscape The GENIUS Act's impact extends beyond stablecoins, influencing the entire cryptocurrency ecosystem: ➠ Legitimization and adoption: The act allows institutions to mint and transact digital dollars legally, fostering a new global economy. ➠ Enhanced stability and consumer protection: The act's requirements for 100% reserve backing, regular audits, and public disclosures aim to prevent stablecoin collapses and ensure financial integrity. ➠ TradFi x DeFi Integration: Regulated stablecoins could serve as a bridge between traditional finance and crypto, facilitating greater integration. From what I can see, the GENIUS Act could strengthen the U.S. dollar's role as the global reserve currency by promoting its use in digital transactions. ... — Potential Challenges Analysts have raised several concerns regarding stablecoins: ➠ Lack of deposit protection similar to traditional banks, which offer coverage up to $250,000. ➠ Risks associated with private keys and digital wallets. ➠ Concentration risks stemming from oligopolies and potential monopolies by large institutions. ➠ Stricter regulations may lead to increased compliance costs for issuers, potentially disadvantaging smaller players and hindering innovation. ➠ Debated provisions, such as bans on yield-bearing stablecoins and restrictions on large technology firms as issuers, which might limit certain business models and stifle innovation. ➠ Interoperability challenges among over 150 different stablecoins in the market. ➠ Concerns of conflict of interest regarding President Trump's crypto investments remaining unaddressed. ➠ Loopholes that may exist for foreign tokens, some special notes on this, it might be good things to keep on watchlist US-Based Stablecoin Issuers such as: - @circle - $USDC / $CRCL - @Gemini - $GUSD - @tusdio - $TUSD - @Paxos - $PYUSD ( @PayPal ) and $BUSD ( @binance ) - @BitGo - $USD1 ( @worldlibertyfi ) - @Ripple - $RLUSD / $XRP ... — Wrap-Up The Senate's nod to the GENIUS Act marks a milestone, but the real test lies with the House and tackling existing hurdles. This act is pivotal in weaving stablecoins into the fabric of regulated finance, striking a balance between cutting-edge innovation, consumer safety, and national security. Its influence could be transformative, especially as it might redefine the global crypto scene and elevate the U.S. dollar's stature in digital finance.

Finally, a stablecoin bill that balances legitimacy with innovation. The GENIUS Act could become the regulatory blueprint for the rest of the world.

One step closer to mass adoption.

The key is in number 2 imo. 👀

agree, but honestly i dont luv it much lmao 🤣

The legal clarity changes everything. Been waiting for this moment since 2021. Stablecoins finally have a proper foundation to scale globally. This is the infra play we've been talking about.