"I am listening to an Audio Live ""chat and earn together"" | pravingarad on Binance Square

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#GENIUSAct U.S. House of Representatives passed the “Guiding and Establishing National Innovation for U.S. Stablecoins Act” (GENIUS Act) along with two other major cryptocurrency bills. These bills aim to create a clear regulatory framework for digital assets, especially payment stablecoins. The GENIUS Act focuses on the regulation of stablecoins used for payments, ensuring they are backed by safe assets and meet specific standards. The law would also allow certain nonbank institutions to issue stablecoins under federal oversight. This move supports innovation while protecting consumers and the financial system. The legislation reflects the Trump administration’s commitment to supporting cryptocurrency development and creating a secure environment for digital transactions. These bills mark a major step in shaping how the U.S. will manage and support the growing digital currency space, setting a foundation for future growth and stability in the sector.

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