#GENIUSActPass $BTC $ETH $XRP

Big Step in Stablecoin Regulation! 🇺🇸💵

The US Congress has passed the GENIUS Act, which provides a legal framework for the stablecoin market. This law brings significant changes to the DeFi and crypto market.

🔍 What Does the GENIUS Act Bring?

✅ License requirement for issuing stablecoins

✅ 100% fiat-backed reserve requirement

✅ Regular audits and transparent reporting

✅ Under the supervision of the Federal Reserve and the Treasury Department

💡 Why is it Important?

With this law, institutional trust in stablecoins like USDT and USDC may increase. Additionally, the risk of market manipulation and reserve shortfalls will decrease.

📉 However, for some, this may mark the beginning of government control over the freedom of DeFi.

🧠 What do you think?

Will this law bring stability to the market, or is it a threat to the nature of DeFi?

👇 Share your thoughts in the comments and share the post with your friends!