On June 17, 2025, the U.S. Senate passed the "Guidance and Establishment of the United States Stablecoin National Innovation Act" (GENIUS Act) with a vote of 68 in favor and 30 against, marking the first time the U.S. has established a regulatory framework for the Crypto Assets sector at the federal level. The bill requires that all stablecoins must be fully backed by U.S. dollars or high Liquidity assets (such as short-term government bonds) to ensure a 1:1 reserve ratio, and mandates that issuers with a market capitalization exceeding $50 billion are subject to annual independent audits and
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