Скачать или смотреть US Senate Passes Landmark Crypto Bill: Banks and Walmart Now Eyeing Stablecoins

The U.S. Senate has passed the landmark *GENIUS Act* (Guiding and Establishing National Innovation for U.S. Stablecoins), marking the first federal bill specifically designed to regulate stablecoins. 🏛️ This significant legislation, approved with a bipartisan vote of 68-30, now moves to the House for further consideration. Its primary goal is to provide a clear regulatory framework for stablecoins, aiming to foster broader adoption and enhance confidence within the cryptocurrency industry. 🚀

Key Provisions of the GENIUS Act:
The Act introduces stringent rules for stablecoin issuers, including:
*Reserve Requirements:* Mandating 1:1 backing with liquid assets like U.S. dollars or short-term U.S. Treasuries. 💰
*Transparency & Audits:* Requiring monthly reserve audits and public reporting to ensure full backing. 📊
*Anti-Money Laundering (AML):* Establishing robust AML and anti-terrorism financing procedures. 🛡️
*Issuance Restrictions:* Limiting stablecoin issuance to approved entities and prohibiting algorithmic stablecoins. 🚫
*Regulatory Oversight:* Granting increased supervisory powers to the Treasury Department, Federal Reserve, Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC). 🏦
*Consumer Protection:* Prioritizing stablecoin holders in the event of a custodian or issuer bankruptcy. ✅

Impact on the Financial and Crypto Industries:
The passage of the GENIUS Act is widely seen as a major milestone, removing significant legal uncertainties and lending institutional legitimacy to the stablecoin sector. 📈
*Traditional Finance Integration:* Major financial institutions like JPMorgan, Bank of America, Wells Fargo, and Citigroup are now actively exploring or planning their own stablecoin initiatives (e.g., JPMD). Retail giants such as Walmart and Amazon are also considering embedded payments powered by stablecoins, potentially disrupting traditional payment networks like Visa and Mastercard. 🛒💳
*Crypto Industry Welcome:* Cryptocurrency companies have largely welcomed the bill, viewing it as a positive step towards mainstream adoption and regulatory clarity. Paolo Ardoino, CEO of Tether, expressed support, and Circle's stock has seen a notable increase. 🌟
*Ethereum's Role:* The Act is positioning Ethereum at the core of tokenized finance, with accelerating institutional adoption amid the stablecoin boom. VanEck's proposed Solana ETF listing on DTCC also signals growing institutional interest in other digital assets. 🌐
*Global Expansion:* OKX has expanded its regulated crypto exchanges into Germany and Poland, reflecting a broader trend of increasing global regulatory clarity. 🌍

Political Landscape and Future Outlook:
While the bill garnered bipartisan support, some progressive Democrats raised concerns about consumer protection and potential avenues for government corruption, particularly in light of former President Donald Trump's stated interest in stablecoin legislation and his family's crypto holdings. 🗳️ Trump has urged Congress to pass stablecoin legislation swiftly, ideally before the August recess.

The GENIUS Act is poised to reshape global trade, accelerate digital economies, and reinforce the U.S. dollar's dominance in the digital asset space. Its journey continues to the House of Representatives, where further deliberations and potential revisions are expected before it can be signed into law. This legislative move underscores a maturing political appetite to view blockchain as essential infrastructure rather than merely speculative technology. 💡

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