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#Write2Earn #GENIUSAct $BTC *GENIUS Act: Protecting Consumers* 🛡️ The bipartisan GENIUS Act advances consumer protection in the US stablecoin market 🚀. Key points: - *Robust Reserve Requirements*: 100% reserve backing with US dollars and short-term Treasuries 💸 - *Transparency*: Monthly public disclosure of reserve composition 📝 - *Audited Financials*: Annual statements for issuers with over $50 billion market cap 📊 - *Federal Framework*: Regulates payment stablecoins, ensuring stability and confidence 📈 The GENIUS Act enhances consumer confidence and protects stablecoin holders, promoting a safer and more transparent market 🌟. Led by Senators Hagerty, Scott, Gillibrand, Lummis, and Alsobrooks.
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