🥥Been Through the Desert on a Horse with No Name🌴
🎤 Stablecoins Headlines for the Pop Culture Crowd 1. U.S. Stablecoin Law Inches Closer to Reality On June 17, 2025, the U.S. Senate passed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) by a 68‑30 vote. That marks the first time stablecoin legislation has cleared either chamber of Congress. The act would create a federal framework requiring issuers to maintain one-to-one reserves, undergo audits, and register with regulators. It’s now moving to the House during a scheduled “Crypto Week” in mid-July, with final approval expected before the August presidential deadline. 2. “ Crypto Week” Could Seal the Deal House Republicans plan to vote on the GENIUS Act plus two companion bills: the CLARITY Act (which defines SEC vs. CFTC authority over digital assets) and the Anti‑CBDC Surveillance State Act (which prevents the U.S. Federal Reserve from issuing a government-backed digital dollar). If the bills pass in tandem, they could fundament...