📜 HOT NEWS: TRUMP SIGNS INTO LAW THE GENIUS ACT – THE FIRST FEDERAL DIGITAL CURRENCY LAW IN THE USA!
Just 1 day after being passed by the House of Representatives with a vote of 306–122, President Donald Trump signed the GENIUS Act into law in a closed session on Friday morning.
🔒 Key contents of the law:
Requires stablecoin issuers:
To maintain a full 1:1 reserve backed by cash or short-term U.S. Treasury securities.
Regular audits and financial transparency.
Mandatory registration with federal or state regulatory authorities.
📈 This is a historic turning point making the USA the first country in the G7 to enact a comprehensive and distinct legal framework for stablecoins – a crucial foundation of decentralized finance and digital payments.
