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#StablecoinLaw The US has just enacted landmark stablecoin legislation, the "GENIUS Act," aiming to regulate dollar-pegged cryptocurrencies. This new law mandates that stablecoins be fully backed by liquid assets like US dollars or short-term Treasury bills, and requires issuers to publicly disclose their reserves monthly. The GENIUS Act establishes a dual federal-state regulatory framework for stablecoin issuance, providing clarity and consumer protection to a rapidly growing market. This move is seen as a significant step towards legitimizing the crypto industry and bolstering the US dollar's global standing.

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