#StablecoinLaw The GENIUS Act, now law, establishes a federal framework for stablecoins, requiring 1:1 reserves, AML compliance, and licensing while clarifying stablecoins as payment instruments. It’s a win for the crypto industry, potentially spurring a multi-trillion-dollar market, but critics highlight gaps in consumer protections, foreign issuer oversight, and conflict-of-interest concerns, particularly given Trump’s personal crypto ventures. The House’s STABLE Act, if reconciled, could address some of these issues.