Krypto hijack the congress? US senate adopted groundbreaking genius law

Krypto hijack the congress? US senate adopted groundbreaking genius law


The most important thing shortly

  • With 68 to 30 votes, the US Senate passes the Genius Act, a groundbreaking law on the stable coin regulation.
  • The law creates clear rules for issuers, requires full cover, transparency and anti-money laundering measures.
  • Banks, FinTechs and retailers will be able to spend stable coins in the future.
  • Critics warn of insufficient protection against corruption, especially in the case of crypto projects with a political background.

In a historical cross-party vote with 68 to 30 votes, the US Senate passed the Genius Act (Guiding and Establishing National Innovation for Us StableCoins Act), the first major federal law that creates a comprehensive framework of regulatory framework for stage in the US dollar. This represents an important milestone for the cryptocurrency sector, which has long been striving for clear and supportive regulation.

Genius Act is adopted by the Senate with cross -party support and creates the prerequisites for the regulation of stable coins in the course of industry growth


Senator Bill Hagerty (Republican, Tennessee), the main sponsor of the draft law, praised the law as a crucial step towards modernizing the US financial system and strengthening the global dominance of the dollar. Finance Minister Scott Bessent forecasted that the US Stable Market Market could grow almost eight times in the coming years and that the $ 2 trillion mark could exceed.

The Genius Act introduces strict requirements for stable coin emitters, including complete coverage by liquid funds such as US dollars and short-term government bonds, monthly public exams and compliance with the laws to combat money laundering.

The draft law also extends the circle of potential issuers with banks, fintech companies and large retailers and enables them to launch stable coins on the market or to integrate them into existing payment systems.

Despite the broad support, some Democrats expressed concerns about inadequate protective measures against corruption, especially with regard to the cryptocurrency projects by former President Donald Trump. Senator Elizabeth Warren criticized the draft law due to the lack of measures to fight corruption, while other stricter ethical standards demanded.


Crucial moment for digital assets

The Genius Act now goes to the Republican dominated House of Representatives. There, the MPs are asked to drive the bill quickly. If it is adopted, he would give the crypto industry for the first time federal legitimacy and regulatory clarity and possibly change the landscape for digital assets in the United States.

This legislative breakthrough reflects the growing political influence of the crypto industry, which invested around $ 250 million in the 2024 election cycle to support crypto-friendly candidates. The adoption of the law heralds a new era of cooperation between legislators and the digital asset industry, with the aim of promoting innovations and at the same time protecting consumers and financial stability.

This project could benefit from

While the US Senate passes the Genius Act to regulate stable coins and promote wider acceptance of cryptocurrencies, projects such as BTC Bull Token benefit from an increased market trust and clearer regulatory framework. This coordination of political progress and innovative tokenomics positioned BTC Bull Token as a promising vehicle for investors who want to participate in the growth of Bitcoin within a ripening crypto ecosystem.
Tron strives for a debut on Wall Street through the opposite merger-will the BTC Bull Token follow with a 100-fold rally?

In a possibly historical step for the blockchain industry, Tron (TRX) is reportedly prepared for the entry into the Nasdaq exchange Through a reverse merger before-a strategic way that enables private companies to go to the stock exchange without a lengthy IPO process. While official confirmations are still standing, the first leaks have caused great excitement in both traditional finance and on the cryptoma markets.

Official Btcbull website

A successful reverse merger would make Tron one of the first major blockchain networks that goes to the stock exchange via the Nasdaq. This would offer institutional investors a broader presence and give crypto projects further legitimacy within existing financial ecosystems.

Analysts assume that this could serve as a positive signal for the Altcoin markets-especially for tokens with a high lever like the BTC Bull Tokenthat tends to benefit from increased risk to risk and capital inflows.

Discover Btcbull now

There is increasing speculation that projects that are connected to public blockchain networks could experience a strong upgrade. In particular BTC Bull TokenA lever instrument for reinforcing Bitcoin course development is already becoming increasingly important because dealers are looking for asymmetrical upward potential. Market rumors include predictions from Win 100x For early beginners, if, in addition to a wider ETF acceptance, bullish catalysts such as the listing of Tron materialize.

Crypto investors observe this development carefully. The merger of decentralized networks and centralized financial markets could enable significant capital inflows and set new standards for evaluation and investor access. A successful Nasdaq debut from Tron could be the locks for more crypto native projects Open to explore similar public ways.

Note: Investing is speculative. Your capital is in danger in the system. This website is not intended for use in legal orders in which the trade described or the investments described are prohibited, and should only be used by people and legally permissible. Your investment may not be suitable for investor protection in your country or the country of residence. Therefore, carry out your own Due Diligence. This website is available free of charge, but we may receive commissions from the companies that we offer on this website.


Cryptocurrency News






Source link

Jayd Johnson

Leave a Reply

Your email address will not be published. Required fields are marked *