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#StablecoinLaw President Trump just signed the GENIUS Act into law, marking a HUGE milestone for the crypto industry during "Crypto Week. Here's the lowdown:🚀 -Regulatory Framework:❤️ The GENIUS Act sets clear rules for US dollar-backed stablecoins, requiring firms to hold dollar-for-dollar reserves. - Conflict of Interest:❤️ Congress members and their families are banned from profiting from stablecoins, but notably, this doesn't apply to Trump and his family. - Industry Boost:❤️ This move aims to strengthen American dominance in global finance and crypto tech, which Trump calls a "giant step" and "massive validation" for the crypto industry.
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