#StablecoinLaw
The U.S. just passed the GENIUS Act, pushing stablecoin regulations closer to reality.
The U.S. House of Representatives has passed a landmark stablecoin bill (GENIUS Act), sending it to the President’s desk. This could be a major step toward regulatory clarity for the crypto industry, with implications for DeFi, payments, and beyond. On the other hand, this raises questions about decentralization and compliance.
StablecoinLaw Stablecoins are cryptocurrencies designed to hold a steady value, often linked to the US dollar. New laws, like the "GENIUS Act" in the US, are being put in place to make them safer.
These laws usually require stablecoin issuers to hold enough real money or safe assets (like US dollars) to back every stablecoin they create.
The U.S. just passed the GENIUS Act, pushing stablecoin regulations closer to reality.
The U.S. House of Representatives has passed a landmark stablecoin bill (GENIUS Act), sending it to the President’s desk. This could be a major step toward regulatory clarity for the crypto industry, with implications for DeFi, payments, and beyond. On the other hand, this raises questions about decentralization and compliance.
StablecoinLaw Stablecoins are cryptocurrencies designed to hold a steady value, often linked to the US dollar. New laws, like the "GENIUS Act" in the US, are being put in place to make them safer.
These laws usually require stablecoin issuers to hold enough real money or safe assets (like US dollars) to back every stablecoin they create.
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