🚨WHAT WILL THE GENIUS ACT DO???

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• 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.