#GENIUSActPass The GENIUS Law establishes that stablecoins must be: 1- backed by US dollars or similar liquid assets 2- Issuers with a capitalization of more than 50 billion USD must undergo annual audits. 3- It prohibits publicly traded companies from issuing stablecoins without meeting financial risk standards and maintaining consumer data privacy. 4- It prioritizes stablecoin holders in bankruptcy proceedings, protecting depositors. Conclusion: The Chamber has not completed the voting; the Trump Administration supports the Law and expects the President to sign it to turn it into Law. My opinion: These provisions within the Law as presented raise concerns regarding money laundering standards and corporate issuances of Stablecoins. New Regulatory Frameworks must provide security to their consumers and/or investors. It should aim at these "legal loopholes" in this Law to protect all investors, especially retail investors, from potential fraud and inconveniences in future investments.