🪙 U.S. Senate Passes GENIUS Act: A Major Win for Crypto and Stablecoin Regulation. By ChainFabricNews

By -

Image source: The Economic Times

 In a historic step for the crypto world, the U.S. Senate recently passed the GENIUS Act, a bill designed to bring clear rules to stablecoins—digital currencies tied to real-world assets like the U.S. dollar. This is the first time such a bill has made it through the Senate, and it’s creating a huge buzz in the crypto industry.

The bill passed with strong support—68 in favor and 30 against—showing that both Democrats and Republicans see the value of finally setting ground rules for this growing part of the financial system. Now, it heads to the House of Representatives, where lawmakers will decide whether to approve it as-is or make some changes.

💡 What the GENIUS Act Actually Does

Stablecoins are supposed to be "stable," but until now, there weren’t any federal rules to make sure they really were. The GENIUS Act changes that.

  • Real-World Backing: Every stablecoin must now be fully backed by cash or safe investments like U.S. Treasury bonds. No more shady tokens claiming they’re “stable” without proof.

  • Licensing and Oversight: Only licensed companies will be allowed to issue stablecoins. These companies must follow rules, go through audits, and be transparent with their users.

  • Protecting Consumers: The new law also includes protection for users. If something goes wrong—like the Terra collapse in 2022—investors won’t be left in the dark or lose everything.

  • No Conflicts of Interest: Members of Congress won’t be allowed to profit from issuing these coins, and foreign-issued stablecoins will face tougher scrutiny.

🧠 Why It Matters

This bill could completely change how people use money online.

For starters, it gives companies clear rules to follow, which means more trustworthy stablecoins. Big names like Circle (the company behind USDC) are thrilled. In fact, Circle’s stock jumped after the bill passed, which shows that investors have a lot of faith in this new direction.

It also makes stablecoins safer for everyday users. With full transparency and legal backing, stablecoins might soon become a regular part of our daily lives—whether you’re shopping online or sending money abroad.

🧭 What Happens Next?

The bill still needs to pass in the House of Representatives before it becomes law. Lawmakers are discussing how to combine this bill with similar proposals, like the STABLE Act.

Experts say the government hopes to finalize everything by August 2025. If that happens, we could see major changes in how stablecoins are issued and used in the U.S.—and even around the world.

✨ Final Thoughts

The GENIUS Act is more than just a new law. It’s a sign that the U.S. is finally taking crypto seriously, especially the part of it that could impact our daily finances the most: stablecoins. By setting clear rules and protecting users, this bill could make stablecoins more trustworthy and useful than ever before.

As the digital world continues to grow, one thing is clear—crypto isn’t just a trend anymore. It’s becoming a part of the financial system, and the GENIUS Act is a big step toward that future.

Comments

Post a Comment

Popular posts from this blog

Massive Crypto Money Laundering Syndicate Uncovered in Australia By ChainFabricNews

By -
Image
Image source: Financial Crime Academy    In a shocking turn of events, Australian authorities have busted one of the country’s biggest crypto-related money laundering operations, estimated to have handled over A$190 million . What looked like a typical Gold Coast security business was actually part of a sophisticated network converting dirty cash into digital currency—and it all came crashing down after an 18-month investigation. How It All Started The story began back in late 2023, when law enforcement agencies noticed unusual financial activity linked to a cash-in-transit business. At first glance, the company seemed legitimate. But behind the scenes, it was allegedly being used to clean vast sums of illicit money by blending it with lawful business income and converting it into cryptocurrency. After months of surveillance, digital tracking, and old-fashioned detective work, police made their move in June 2025. Four People Arrested Four individuals have been arrested an...
Read more

Japan’s Metaplanet Is Turning Heads with a Bold Bitcoin Bet By ChainFabricNews

By -
Image
Image source: Bitcoin World In a move that’s surprising even longtime investors, a Tokyo-based hotel company called Metaplanet is making a massive shift—from managing hotels to becoming one of the biggest corporate holders of Bitcoin in the world. Yes, you read that right. What was once a traditional hospitality firm is now aiming to buy 210,000 Bitcoins (around 1% of all the BTC that will ever exist) by 2027. To fund this, the company plans to raise over $5 billion . It’s a bold and unusual strategy, and it’s capturing the attention of the crypto world and financial markets alike. From Beds to Blockchain Metaplanet is following in the footsteps of U.S.-based MicroStrategy , a company known for using its cash and stock to stack Bitcoin. Metaplanet’s stock has seen massive gains in just a couple of years, with prices skyrocketing over 8,000% since it started its crypto journey. Instead of buying more hotels or expanding its real estate business, Metaplanet is issuing millions of sha...
Read more

Ant Group Eyes Stablecoin License in Hong Kong — A Game Changer for Global Payments? By ChainFabricNews

By -
Image
Image source: The coin Republic In a bold new move, Ant International — the overseas arm of China’s Ant Group — is getting ready to step into the world of stablecoins. The company recently announced its plan to apply for a stablecoin license in Hong Kong under the city’s brand-new regulatory framework, which kicks in on August 1, 2025 . This could mark a major shift not only for Ant Group but also for the future of digital payments across Asia and beyond. What’s a Stablecoin and Why Is Ant Interested? A stablecoin is a type of cryptocurrency that's backed by real-world assets, such as the US dollar or other fiat currencies. It’s designed to hold a steady value, unlike more volatile cryptos like Bitcoin. This makes stablecoins especially useful for things like cross-border payments, remittances, and fast online transactions . Ant International, best known globally for powering Alipay’s cross-border payment systems, says it's ready to explore the stablecoin space by applying fo...
Read more