#USStablecoinBill The USStablecoinBill, also known as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, aims to regulate stablecoins in the United States. Introduced by Senator Bill Hagerty, the bill proposes a federal licensing framework for stablecoin issuers, requiring them to maintain 1:1 backing with US dollars or high-quality liquid assets. Key provisions include:

- *Stablecoin Definition*: Digital assets pegged to the US dollar, designed for payment or settlement.

- *Issuer Requirements*: Federal or state regulation based on market capitalization, with larger issuers (> $10 billion) under federal regulation.

- *Reserve Requirements*: 100% backing with US dollars or approved assets, with monthly audited reports.

- *Customer Protection*: Segregation of customer assets, prohibition on rehypothecation, and enhanced cybersecurity measures.

The bill aims to promote innovation, US dollar dominance, and consumer protection while mitigating illicit finance risks.... 🚀🚀🚀