The GENIUS Act has been passed by the Senate.

US President Donald Trump took to social media to praise

 the progress of the GENIUS Act. He stated that the law

 will not only establish a regulatory framework for stablecoins,

 but will also position the United States as a leader in digital assets.

The US Senate has already passed the Genius Act.

According to experts, this will pave the way for large banks to enter

 the cryptocurrency market. We may also see new currencies for large banks

 and financial institutions, potentially leading to the birth of an entirely new financial system.

Banks are expected to earn hundreds of millions annually from this law, 

while also maintaining control over their customers and the flow of funds.