Big news for crypto! The US Senate is working on a new law called the GENIUS Act for stablecoins. Stablecoins are like digital dollars that stay the same price. This law wants to make sure they're safe and don't get used for bad things.
- The Senate voted to move the GENIUS Act forward.
- The law wants to make stablecoins safer and prevent money laundering.
- Some people worry it might make it harder for other countries to use stablecoins.
- It could help the US dollar stay important in the world.
| Fact | Detail |
|---|---|
| Senate Vote | 18-6 in favor |
| Goal | Make stablecoins safer |
| Concerns | Possible impact on other countries |
