Yesterday, the U.S. Senate passed the GENIUS Act with a bipartisan supermajority.  

TODAY, DEF published a blog post examining what's in the bill that just passed, what it means for DeFi, and what's next.  

As we write: "GENIUS is significant for DeFi in that it recognizes decentralized blockchain networks as base layer infrastructure in a dollar-backed global financial system, protects peer-to-peer transactions in stablecoins, and explicitly treats DeFi differently than centralized intermediaries..."

"The passage of GENIUS out of the Senate represents a massively positive shift for DeFi regulation in the United States, particularly in that a broad, bipartisan group of lawmakers have recognized the nuanced technological realities of DeFi technology."

Read the full blog 👇

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"The passage of GENIUS out of the Senate represents a massively positive shift for DeFi regulation in the United States, particularly in that a broad, bipartisan group of lawmakers have recognized the nuanced technological realities of DeFi technology."

Read the full blog 👇

https://www.defieducationfund.org/post/u-s-senate-passes-genius-act