#StablecoinLaw
US Stablecoin Law Ushers in New Era
A sweeping stablecoin bill, the GENIUS Act, passed the US House and heads to the President. This landmark legislation establishes the first official US legal definition for stablecoins, demanding unprecedented federal oversight.
Crucially, the law mandates all stablecoins must be fully backed one-to-one by cash or US Treasury securities. Issuance now requires federal licensing. The rules unlock major new potential, explicitly permitting stablecoins within retirement systems like 401(k)s. Strict transparency and regular reporting requirements are enforced.
This pivotal framework signals transformative potential for DeFi, payments, and institutional crypto investment. However, it simultaneously ignites vital discussions about increased centralization within the crypto ecosystem. A new regulatory era begins.
