GENIUS Act turns stablecoins into tools of dollar dominance, not crypto rebels
The U.S. Senate is finally treating stablecoins as extensions of the dollar system itself, using the GENIUS Act to pull digital dollars inside the regulatory perimeter. Summary The GENIUS Act passed the Senate 68–30, requiring payment stablecoins to be fully backed by cash and short‑term Treasuries with frequent, public reserve disclosures. Built on the Lummis–Gillibrand
