Heavy weight! The US Senate overwhelmingly passed the stablecoin regulation bill, the GENIUS Act, with a vote of 68:30. As the first comprehensive regulation bill for encryption in the United States, it marks a significant breakthrough in industry legislation. After 18 Democrats joined in support, the bill has now been submitted to the House of Representatives for consideration of the stablecoin GENIUSAct US Treasury Secretary Scott Bessent immediately issued a statement in support, predicting that the stablecoin market will increase to $3.7 trillion by 2030. He believes that the stable monetary ecology supported by US debt will reverse the demand for treasury bond, which is expected to reduce government borrowing costs. It is a "win-win" legislation that benefits the private sector, the Ministry of Finance and consumers. DeFi