$TRUMP Signs #GENIUS Act — U.S. Takes #Crypto #Crown 👑
🚨 President Trump has officially signed the GENIUS Act into law — the first federal framework for stablecoins! 🇺🇸🚀
Key Highlights:
💰 Stablecoins must be fully backed by liquid assets like the U.S. dollar or short-term Treasuries, with monthly public reserve disclosures — strict transparency measures.
Regulators will enforce guardrails: no misleading claims, public disclosures, and alignment between federal/state rules to protect consumers.
The law has bipartisan support—passed 308–122 in the House, 68–30 in the Senate.
Why It Matters:
Crypto market just surged past $4 trillion, with altcoins rallying on this landmark move.
Trump positioned this as part of making the U.S. the “crypto capital of the world.” He even joked, *“They named it after me — this is a hell of an act.”*
Potential conflict: Trump’s family venture, USD1 stablecoin, stands to benefit — critics warn of ethics and AML loopholes.
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🧭 Bottom Line:
Trump’s move brings stablecoins into the financial mainstream with regulatory clarity, fueling market growth and dollar dominance — but watch for AML gaps and ethics scrutiny.
FOLLOW ✅❤️
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