Circle praised the passage of the GENIUS Act: this is crucial to the future of the monetary and Internet financial system

BlockBeats news, on July 18, the USDC publisher Circle published an article saying that the House of Representatives voted to approve the GENIUS Act to be submitted to the President for signature, which is crucial to the future of the monetary and Internet financial system. This demonstrates strong support from both parties for responsible innovation and clearly indicates that the United States will play a leading role in regulating stablecoins supported by the US dollar. Circle highly praises the regulatory foundation built by congressional leaders, which prioritizes consumer protection, financial integrity, and American competitiveness.