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The GENIUS bill in the United States has been approved in the Senate, marking a historic step towards stablecoin legislation

PANews
PANews|6月 17, 2025 23:08
According to AP, the US Senate has passed the stablecoin regulation bill GENIUS Act with 68 votes in favor and 30 votes against, and the bill will be sent to the House of Representatives for review. The bill establishes a federal regulatory framework for stablecoins, requiring one-to-one reserves, consumer protection, and anti money laundering mechanisms, but does not restrict the President and his family from profiting from stablecoin issuances, sparking criticism from Democrats about potential conflicts of interest for the Trump family. The World Liberty Financial project held by the Trump family earned over $57 million last year through token sales.
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Timeline

7月 17, 19:37【The House of Representatives has enough votes to pass the GENIUS bill】
7月 17, 19:32【The US House of Representatives passes the CLARITY Act to regulate market structure】
7月 17, 18:45【The White House has enough votes to pass the Genius Act】
7月 17, 17:08【The White House is passing the GENIUS bill today and planning a signing ceremony】
7月 17, 16:15【The House of Representatives passes a motion to reconsider the encryption package plan】
7月 17, 16:15【White House officials criticize Federal Reserve's $2.5 billion reform】
7月 17, 15:59【The genius bill passed in a verbal vote in the House of Representatives】
7月 17, 15:07【House Debates Republican Crypto Week Act】
7月 17, 15:00【@Naddotfun has successfully passed Beosin's security audit】
7月 17, 14:55【The Republican House of Representatives passes three key encryption bills】

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