[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Budhil Vyas [@BudhilVyas](/creator/twitter/BudhilVyas) on x 59.5K followers Created: 2025-07-18 16:12:39 UTC GENIUS Act passes TODAY - here’s everything you need to know 🧵 This is the first major crypto bill EVER passed by Congress and it’s about to become law Let me break down why this matters for everyone (not just crypto degens) 👇 The GENIUS Act creates the first federal framework for stablecoins - basically crypto dollars that don’t move in price Think of it like digital cash that works 24/7, settles instantly, and costs pennies to send anywhere in the world No more waiting X days for bank transfers or paying $XX wire fees Why this is huge: → Banks can now issue regulated stablecoins legally → Companies get clear rules instead of regulatory chaos→ US officially embraces digital dollars over CBDCs → Sets precedent for more crypto legislation SEC Chair Paul Atkins called it a “historic milestone” - and he’s right This bill transforms stablecoins from “sketchy internet money” to legitimate financial infrastructure backed by federal law Your Venmo payments about to look ancient 😭  XXXXX engagements  **Related Topics** [stablecoins](/topic/stablecoins) [Post Link](https://x.com/BudhilVyas/status/1946241718036443311)
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Budhil Vyas @BudhilVyas on x 59.5K followers
Created: 2025-07-18 16:12:39 UTC
GENIUS Act passes TODAY - here’s everything you need to know 🧵
This is the first major crypto bill EVER passed by Congress and it’s about to become law
Let me break down why this matters for everyone (not just crypto degens) 👇
The GENIUS Act creates the first federal framework for stablecoins - basically crypto dollars that don’t move in price
Think of it like digital cash that works 24/7, settles instantly, and costs pennies to send anywhere in the world
No more waiting X days for bank transfers or paying $XX wire fees
Why this is huge:
→ Banks can now issue regulated stablecoins legally → Companies get clear rules instead of regulatory chaos→ US officially embraces digital dollars over CBDCs → Sets precedent for more crypto legislation
SEC Chair Paul Atkins called it a “historic milestone” - and he’s right
This bill transforms stablecoins from “sketchy internet money” to legitimate financial infrastructure backed by federal law
Your Venmo payments about to look ancient 😭
XXXXX engagements
Related Topics stablecoins