According to @jessepollak, the U.S. Senate has passed the GENIUS Act with a 68-30 vote, marking a pivotal moment for stablecoins and the global economy. This legislation is expected to provide regulatory clarity for stablecoins, which could drive institutional adoption and increased trading volumes in the cryptocurrency market. The passing of the GENIUS Act signals strong bipartisan support and sets the stage for stablecoins like USDC and USDT to play a larger role in cross-border payments and DeFi applications. Crypto traders should monitor the impact on stablecoin liquidity and potential shifts in trading strategies as regulatory uncertainty decreases. (Source: @jessepollak Twitter, June 17, 2025)