**BREAKING: Trump Signs GENIUS Act Into Law โ Stablecoins Now LEGAL in U.S. ๐บ๐ธ๐**
In a historic move, President Trump has signed the **GENIUS Act**โthe **first federal crypto law**โgranting stablecoins like **$USDC** and **$USDT** full legal recognition in the U.S. financial system.
### **๐น Key Provisions of the GENIUS Act**
โ **100% Asset-Backed** โ No more fractional reserves; stablecoins must be fully collateralized.
โ **Mandatory Audits** โ Issuers with $50B+ market cap must undergo annual audits.
โ **Retirement Accounts** โ Stablecoins approved for 401(k)s and IRAs.
โ **Algorithmic Ban** โ Risky "algorithmic stablecoins" (like Terraโs UST) outlawed.
โ **Dual Oversight** โ Fed regulates bank-issued stablecoins; OCC oversees non-bank issuers.
### **๐ก Why This Matters**
- **Regulatory Clarity** โ Ends years of uncertainty for crypto firms.
- **Institutional Adoption** โ Banks and funds can now safely use stablecoins.
- **Dollar Strengthened** โ Trump: *"Crypto benefits the dollar AND the nation."*
### **๐ Whatโs Next?**
- **Market Boom** โ $USDC-related stocks (e.g., Circle) already surged **+18%**.
- **More Laws Coming** โ Trump pledged crypto market structure bills by **2025**.
**America just became the global crypto leader.** Buckle up!
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