Consumer protection clauses in the #GENIUS稳定币法案 GENIUS Act

Chapter 4 of the Act specifically stipulates the protection of consumer rights: 1) Requiring issuers to clearly disclose the composition and risks of reserve assets; 2) Mandating the establishment of a 48-hour quick redemption channel; 3) Prohibiting the use of user funds for reinvestment. The most groundbreaking is Article 412, the 'On-chain Verifiability Clause,' which requires all stablecoin contracts to open reserve query interfaces, allowing users to verify collateral status in real-time. Individuals who violate consumer protection clauses may face fines of up to $250,000.