#GENIUSActPass

🏛️ What is the GENIUS Act?

GENIUS stands for Guiding and Establishing National Innovation for U.S. Stablecoins.

It’s the first federal bill to create a regulatory regime specifically for fiat-backed stablecoins, requiring:

1:1 reserves in high‑quality liquid assets (like USD or short‑term Treasuries),

Monthly public disclosures and annual audits for large issuers,

Dual licensing (federal/state) oversight,

AML & sanctions compliance, and

Consumer protections including legal redemption rights and creditor priority in insolvency cases

$USDC