#GENIUSActPass $BTC $ETH $BNB
A big step in the regulation of stablecoins! 🇺🇸💵
The U.S. Congress has approved the GENIUS Act, which establishes a clear legal framework for the stablecoin market. This new legislation brings significant changes for DeFi and the crypto ecosystem.
🔍 What does the GENIUS Act say?
✅ A license is required to issue stablecoins
✅ Must be backed by 100% fiat reserves
✅ Mandatory audits and regular reporting
✅ Oversight by the Federal Reserve and the Treasury
💡 Why is it important?
This law could increase institutional investors' trust in stablecoins like USDT and USDC, and reduce the risk of manipulation or insufficient reserves.
📉 But some wonder: Is this the beginning of government control over decentralized finance?
🧠 What do you think?
Will this law bring stability to the market or endanger the freedom of DeFi?
👇 Leave your comment and share this post!