📌 Updates and Analyses 📝 Trump Signs the GENIUS Act — The First Comprehensive Framework for Stablecoins in the United States!
🚀 A Historic Step in Regulating the Cryptocurrency Market:
U.S. President Donald Trump has enacted the GENIUS Act (Guidance and Establishment of National Innovation for Stablecoins), making it the first comprehensive law to regulate stablecoins at the federal level.
🔍 What does the GENIUS Act include?
🟠 100% Reserve:
All stablecoin issuers are required to maintain cash reserves that fully cover the currency.
🟠 Strict KYC / AML:
Tightening of Know Your Customer and Anti-Money Laundering rules to provide greater transparency.
🟠 Authority to Freeze Transactions:
The Treasury Department is granted the right to immediately freeze any suspicious transactions.
🟠 Regulation by Size:
🔸 Small companies are regulated locally
🔸 Large entities are subject to federal regulation
💬 Trump stated:
"Cryptocurrencies have made the dollar strong... this law is good for the dollar and good for America."
🌍 International reactions are beginning to form,
as this new framework could influence global policies on stablecoins and set an American standard for the market.
⚖️ Regulation has begun.. and the next stage: compliance or exclusion!
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