#StablecoinLaw — A major milestone: the U.S. GENIUS Act, officially signed into law on July 18, 2025, establishes the first federal framework for stablecoins . It mandates 1:1 backing with U.S. dollar–equivalents or high-quality liquid assets, monthly audited reserve disclosures, and strict AML/KYC requirements . Nonbanks must receive approval from a dedicated oversight committee; issuers above $50 billion require annual audits . Critics, including Senators Elizabeth Warren and Maxine Waters, warn the law lacks robust consumer protections, risks favoring large tech entities, and may expose systemic risks .