Crypto News Update – Senate Advances GENIUS Act Powered by OrangeBrickRoad.com.auThe U.S. Senate has taken a major step toward regulating stablecoins by passing the GENIUS Act—the first-ever comprehensive crypto bill to clear the chamber.
What it does: The GENIUS Act establishes a federal framework for U.S. dollar–pegged stablecoins, requiring full backing with cash or U.S. Treasuries, monthly reserve disclosures, regular audits, and compliance with anti-money laundering rules
🎯 Bottom Line:The Senate’s passage of the GENIUS Act signals Washington is finally taking meaningful regulatory action on crypto. This clarity could unlock stablecoin innovation, institutional investment, and mainstream growth.
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