{"id":32435,"date":"2025-06-18T11:02:00","date_gmt":"2025-06-18T11:02:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32435"},"modified":"2025-06-18T11:02:00","modified_gmt":"2025-06-18T11:02:00","slug":"senate-crypto-bill-passed-the-us-genius-act-just-changed-everything-for-stablecoins","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32435","title":{"rendered":"Senate Crypto Bill Passed: The US GENIUS Act Just Changed Everything For Stablecoins"},"content":{"rendered":"
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After months of posturing, standoffs, and closed-door edits, the Senate crypto bill passed, AKA the GENIUS Act<\/a>. It is the first real attempt at regulatory framework targeting stablecoins.<\/p>\n

The final vote came in at 68 to 30, a rare show of bipartisan muscl<\/a>e in a chamber better known lately for doing nothing. For crypto, it\u2019s a clear signal: the grown-ups are finally paying attention.<\/p>\n

Some on crypto Twitter believe this effectively makes using Chainlink\u2019s proof of reserve a law. While that\u2019s not the case, many altcoins will benefit; here\u2019s what to know:<\/p>\n

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\"ETH<\/div>\n
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Ethereum<\/div>\n
Price<\/div>\n
Market Cap<\/div>\n<\/div>\n
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ETH<\/div>\n
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$304.55B<\/div>\n<\/div>\n<\/div>\n<\/div>\n
24h<\/span>7d<\/span>30d<\/span>1y<\/span>All time<\/span><\/div>\n<\/div>\n

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Senate Crypto Bill Passed: What the GENIUS Act and Crypto Senate Mean for Stablecoins<\/h2>\n

Stablecoins are no longer the unruly stepchild of finance. With the GENIUS Act, the Senate just handed builders a rulebook of how they\u2019re issued, what reserves back them, and how their transparency will be enforced.<\/p>\n

It\u2019s a bid to inject some order into one of the most volatile corners of crypto.<\/p>\n

But the bill nearly fell apart under pressure from the left. Senator Elizabeth Warren of Massachusetts mounted a last-minute rebellion, warning that the bill lacked precision when it came to fighting fraud, especially those tied to Trump\u2019s crypto<\/a> experiments. Still, Senator Gillibrand held the line, working backroom phones until the votes stacked up.<\/p>\n

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The U.S. Senate has officially passed the GENIUS Act, a landmark piece of legislation that establishes a regulatory framework for fiat-backed stablecoins.<\/p>\n

This is a defining moment for the digital asset industry, setting the stage for the global expansion of stablecoins.\u2026 pic.twitter.com\/g8Ydwuo1hW<\/a><\/p>\n

\u2014 Chainlink (@chainlink) June 17, 2025<\/a><\/p>\n<\/blockquote>\n