Yesterday, the U.S. Senate passed the GENIUS Act with a bipartisan supermajority. TODAY, DEF published a blog post examining what's in the bill that just passed, what it means for DeFi, and what's next. As we write: "GENIUS is significant for DeFi in that it recognizes decentralized blockchain networks as base layer infrastructure in a dollar-backed global financial system, protects peer-to-peer transactions in stablecoins, and explicitly treats DeFi differently than centralized intermediaries..."