🚨 This is historic for the world of stablecoins! 🇺🇸💵
The United States has just passed its very first federal law to regulate stablecoins: the GENIUS Act!
(GENIUS = Guiding and Establishing National Innovation for U.S. Stablecoins Act)
👉 In simple terms, it’s a clear framework to regulate these stable cryptos, often backed by the US dollar.
The goal? To boost innovation, protect users, and bring stablecoins into mainstream finance.
Key takeaways:
✅ Only authorized issuers will be allowed to create stablecoins.
✅ Stablecoins must be backed 100% by safe reserves (cash, Treasury bills, etc.).
✅ Issuers will face regular audits, monthly reports, and strict anti-money laundering rules.
❌ No interest payouts or reuse of reserve funds allowed.
🏛️ Supervision handled by the Fed, the OCC, and local regulators.
Even Trump called the law “pure genius” 😎
But beware: some warn it could create a monopoly for big players like Circle, leaving smaller projects behind.
Goes into effect in 2026.
Issuers have one year to comply… or vanish from the U.S. market 🇺🇸
What do you think: Is this a big step forward or a setback for crypto?
Drop your thoughts below! 👇
