#MarketPullback Key Provisions of the GENIUS Act

Reserve Requirements:

Regulatory Oversight:

AML and Sanctions Compliance: The bill mandates stringent AML measures and compliance with sanctions, aiming to prevent illicit activities.

Ban on Algorithmic Stablecoins: Unbacked, algorithmic stablecoins would be prohibited, addressing concerns over their potential instability.

Political Turmoil and Ethical Concerns