Right True Not sure | Irfan Malik 566 on Binance Square

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Irfan Malik 566

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Right True Not sure

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EU says trade negotiations with the US are “making progress” as talks intensify.

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#GENIUSActPass The GENIUS Act has passed the US Senate with a 68-30 vote, establishing a federal regulatory framework for stablecoins. This bill requires stablecoins to be fully backed by liquid assets like US dollars or short-term Treasury bills and mandates issuers to disclose reserve compositions monthly. The GENIUS Act aims to enhance transparency, protect consumers, and bolster the role of the US dollar in digital transactions ¹. *Key Implications:* - *Stablecoin Regulation*: The GENIUS Act sets a regulatory framework for stablecoins, potentially increasing transparency and consumer protection. - *Market Impact*: Analysts believe this could lead to a reshuffle in stablecoin dominance, with US-based stablecoins like USDC gaining market share. - *Institutional Investment*: Regulatory clarity may fuel capital inflows into compliant DeFi and stablecoin infrastructure. *Binance Update:* To stay updated on Binance news and how the GENIUS Act might impact the cryptocurrency market, you can: - *Visit Binance Newsroom*: Check the official Binance website for announcements, blog posts, and news updates. - *Follow Market News*: Keep an eye on reputable news sources for analysis and updates on cryptocurrency markets. - *Binance Word of the Day*: Participate in Binance's Word of the Day campaign to earn points and stay engaged with the platform.

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💖BONJOUR💝

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💖BONJOUR💝

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