I’m optimistic about the GENIUS Act—it smartly curbs Big Tech and mega‑banks from monopolizing stablecoins by forcing non‑bank issuers to set up independent entities, clear antitrust hurdles, and secure Treasury-level vetting . I appreciate that it mandates 1:1 backing with liquid assets, strict transparency, and monthly reserve disclosures—critical steps for legitimacy . The ban on interest-bearing stablecoins may steer yields toward DeFi—a more measured evolution n about systemic risk if stablecoins intertwine too closely with Treasuries, I believe the Act’s conservative structure protects consumers
#ETHBreaks3700 #StablecoinLaw #CryptoMarket4T #GENIUSAct #BinanceHODLerC $BTC $ETH $XRP