1
@wisecrest4
The US Senate passed the GENIUS Act, a stablecoin bill with a 68-30 vote. It sets federal rules: 1:1 reserves, consumer protection, and anti-money laundering. Treasury Secretary Bessent predicts a $3.7T stablecoin market, possibly drawing in Apple and Google. Critics slam the bill for not banning presidents or their families from profiting. Trump’s World Liberty Financial made over $57M from token sales last year.
0 reply
0 recast
0 reaction