Big moves in crypto regulation this week:
🟢 Circle (USDC issuer) applies for a national trust bank license
🏛️ New bank: “First National Digital Currency Bank, N.A.” to handle institutional crypto custody
📜 U.S. Senate passes the GENIUS Act, regulating stablecoins:
Must be fully backed by liquid assets
Must provide regular public disclosures
This could make USDC the first truly regulated stablecoin in the U.S.
What will be the biggest impact of this regulation push?
✅ Boosts trust & mainstream adoption
⚠️ Too much red tape — innovation slows
🤷 Just headlines, not much changes
🔁 Brings stablecoins under full government control
#CircleUSDC #Stablecoins #CryptoRegulation #GENIUSAct #BinanceSquare