#GENIUSActPass The GENIUS Bill (acronym for "Ensuring Innovation and Security for the Future of Digital Currencies") is a bipartisan legislation in the US aimed at regulating the stablecoin market. The bill seeks to establish a regulatory framework for stablecoins, requiring them to be fully backed by assets such as US dollars or Treasury bonds, and imposes annual audits for issuers with more than US$ 50 billion in market capitalization. The main objective is to bring regulatory clarity to the cryptocurrency sector, protect consumers, and ensure the competitiveness of the US in the global digital asset market.

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