#USStablecoinBill: The Path to Regulating Cryptocurrencies in the USA 🇺🇸💱
🇺🇸 The US Senate is approaching the passage of an important bill — the GENIUS Act, which will set the rules for stablecoins:
📊 Reserves 1:1: stablecoins must be backed by US dollars or equivalent assets.
🔍 Transparency: monthly reports on liquidity and the composition of reserves.
⚖️ Regulatory division: states can regulate issuers with a capitalization of up to $10 billion; larger ones are subject to federal oversight.
🛡️ Anti-AML/KYC: establishment of standards for anti-money laundering and customer identification.
⏳ However, not everything is smooth: nine Democratic senators have withdrawn their support, citing insufficient measures against money laundering and financial risks.
📅 The bill could be passed as early as summer 2025, which will significantly change the cryptocurrency landscape in the USA.
