President Trump has signed the "GENIUS" stablecoin regulation bill into law, marking a significant shift in the US approach to digital assets. The GENIUS Act aims to provide clarity and stability within the burgeoning stablecoin market. A key provision of the GENIUS bill dictates that only certain types of institutions, likely including banks and trust companies, are permitted to issue stablecoins. This measure seeks to ensure that issuers are adequately capitalized and subject to regulatory oversight. Furthermore, the bill mandates a 1:1 reserve ratio, meaning that for every stablecoin issued, the issuer must hold an equivalent amount of US dollars or similar highly liquid assets in reserve. This requirement is designed to protect consumers and maintain the stablecoin's peg to its reference asset. Finally, the GENIUS Act extends the Bank Secrecy Act (BSA) to stablecoin issuers. This means that issuers will be required to implement anti-money laundering (AML) and know-your-customer (KYC) procedures, further integrating stablecoins into the traditional financial system and combatting illicit activities. The full impact of the GENIUS Act on the crypto market remains to be seen. ```