#GENIUSActPass approved an important law on cryptocurrencies and hardly anyone is talking about it.

It's called the GENIUS Act, and it's the first proper federal law focused on stablecoins.

This could completely change the way stablecoins like $USDC and $USDT operate in the U.S.

Under this new law, only licensed banks or fintechs will be able to issue payment stablecoins. And they will need to maintain 100% reserves in cash or short-term Treasury bonds.

They will also have to publish audits