#StablecoinLaw

In July 2025, the U.S. passed the GENIUS Act, a landmark law regulating stablecoins, cryptocurrencies pegged to assets like the U.S. dollar. The law mandates that stablecoin issuers be approved banks, licensed nonbanks, or state-regulated entities, maintaining 1:1 reserves with liquid assets like cash or Treasury bills. Issuers must disclose reserve compositions monthly, ensuring transparency and consumer protection. The legislation aims to enhance stablecoin credibility, prevent illicit activities, and position the U.S. as a leader in digital finance. Critics highlight loopholes for foreign issuers and limited consumer privacy protections-20