Odaily Planet Daily News: The US Senate passed the GENIUS Act on Tuesday, which establishes a regulatory framework for stablecoins anchored to the US dollar. This milestone event marks a new era for the digital asset industry. The bill received overwhelming support from both parties with 68 votes in favor and 30 votes against, with multiple Democratic lawmakers and a majority of Republican lawmakers working together to push for the implementation of federal rules. The bill has been submitted to the Republican controlled House of Representatives for review, and if passed smoothly, it will be presented to Trump for signature. Analysis suggests that if the bill takes effect, it will require stablecoin issuers to use liquid assets such as US dollars and short-term US bonds as reserves, and publicly disclose the composition of their reserves on a monthly basis. (Reuters)