🚨BLACKROCK BOUGHT 6,088 $BTC. THAT'S $639,540,890.18 VALUE | Kyle Chassé / DD🐸 on Binance Square

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🚨BLACKROCK BOUGHT 6,088 $BTC.
THAT'S $639,540,890.18 VALUE ADDED.

Sourced from @kyle_chasse from 𝕏

Includes third-party opinions. No financial advice. May include sponsored content and content from third parties. See details.

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🚨WHAT WILL THE GENIUS ACT DO??? 👇👇👇 • ONLY banks + licensed issuers can launch stablecoins • MUST be backed 1:1 with cash or Treasuries, no funny business • NO reuse of collateral, rehypothecation is banned • Clear redemption rules + monthly audits REQUIRED • Can’t market stablecoins as legal tender or FDIC insured • Federal license beats state license, but states can still participate if they meet the bar • Licensed issuers can operate nationwide, "passporting" is approved • Private keys + reserves must stay with regulated U.S. custodians • Must freeze tokens on legal order, Treasury can block foreign coins • Unlicensed stablecoin = $1M/day fines + 5 years in prison STABLECOINS ARE GOING PRO.

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