#USStablecoinBill

The term #USStablecoinBill refers to a proposed legislation in the United States aimed at regulating stablecoins — cryptocurrencies tied to stable assets, such as the US dollar.

📜 What is the US Stablecoin Bill?

The bill, known as the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), aims to establish a federal regulatory framework for the issuance and use of stablecoins in the US. Its goal is to protect consumers, prevent illicit activities, and ensure financial stability as the use of cryptocurrencies grows.

Key points of the bill include:

Requirements for stablecoin issuers: Only institutions with federal or state authorization will be able to issue stablecoins, and they must maintain adequate reserves.

1:1 backing: All stablecoins must be backed by high-quality liquid assets, such as US Treasury securities or cash.

Regulatory oversight: Bodies like the Federal Reserve and the Department of the Treasury will have defined roles in overseeing stablecoin operations.

Prohibition of unauthorized issuance: Unregistered issuers may face penalties.

Focus on payment use: The bill distinguishes between stablecoins intended for payments and other digital assets.

Currently, different versions of the bill are under discussion in the US Congress, with debates on aspects such as national security and anti-money laundering measures.

📈 Impact on the cryptocurrency market

The proposed regulation has sparked intense debates within the crypto community. While some view the measure as an important step towards bringing transparency and legitimacy to the sector, others fear that strict rules could stifle innovation. Notably, the trading volume of stablecoins has significantly increased following the initial news about the bill, indicating a growing interest in safer and more regulated digital assets.