🚨📈GENIUSActPass BinanceCommunity StablecoinRegulation DigitalAssetInnovation

Preparing the country to fully enter the Crypto industry (?)

The "Genius Act" is a federal bill in the United States that aims to regulate the stablecoin market, such as Tether and USDC.

The bill, introduced by Senator Bill Hagerty, establishes licensing and oversight requirements for stablecoin issuers at both the federal and state levels.

Furthermore, it aims to ensure transparency through audits and reports, and to establish clear compliance mechanisms.

The law also seeks to define that stablecoins are not securities nor are they federally insured....

This legal action is extremely important.

What does that tell us? In my opinion, it tells us that there must already be anti-hacker systems in place that provide more security for the investment.

Now, what will happen to the games that have already listed their currency but do not have the 1:1 value? Many will disappear?

What do you think...?