Circle praises the passing of the "GENIUS Act": This is crucial for the future of the coin and internet financial system.

On July 18, USDC issuer Circle published an article stating that the House voted to approve the submission of the GENIUS Act to the President for signature, which is crucial for the future of the monetary and internet financial systems. This indicates strong bipartisan support for responsible innovation and clearly shows that the U.S. will take a leadership role in the regulation of dollar-backed payment stablecoins. Circle highly praises the regulatory framework built by congressional leaders, prioritizing consumer protection, financial integrity, and U.S. competitiveness.

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