MemCast
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The Genius Act passed the Senate 68‑30, creating a stablecoin‑friendly framework
  • The bipartisan vote indicates growing political support for regulated stablecoins.
  • The bill aims to provide clarity on custody, reserves and consumer protection.
  • Jeff sees this as a positive step toward mainstream acceptance of crypto‑backed assets.
  • However, the exact language and implementation details remain to be seen.
Jeff PersUnchained01:00:27

Supporting quotes

Genius Act passed Senate by a bipartisan margin of 68 to 30. Jeff Pers
I think institutional acceptance of crypto, even if incremental, is always good. Jeff Pers

From this concept

Stablecoin Legislation and Institutional Acceptance

The passage of the Genius Act signals a more favorable regulatory environment for stablecoins; Jeff weighs its implications for Hyperliquid's future stablecoin offerings.

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