CoinVoice has recently learned that U.S. President Trump has officially signed the "Guidance and Establishment of the United States Stablecoin National Innovation Act," also known as the "Genius Act," at the White House. This marks the historic first federal legislation on cryptocurrency regulation coming into effect.

The bill sets stricter regulatory standards for stablecoins: issuers are required to maintain a 1:1 reserve support with liquid assets such as U.S. dollars and short-term government bonds, and must publicly disclose their reserve composition monthly. From now on, stablecoins will no longer be experimental instruments in a gray area, but will soon be written into U.S. law and endorsed by the government as "official currency instruments." [Original link]