#StablecoinLaw
🇺🇸 US Congress Passes Landmark Stablecoin Law
The House of Representatives has passed the GENIUS Act, a groundbreaking bill set to shape the future of stablecoins in the U.S.—now awaiting the President’s approval.
#StablecoinLaw
🔹 Officially defines stablecoins under U.S. law
🔹 Requires federal licensing for issuers
🔹 Mandates 100% backing with cash or U.S. Treasuries
🔹 Allows integration into retirement plans like 401(k)s
🔹 Enforces strict transparency and reporting standards
This could mark a major shift for DeFi, payments, and institutional crypto adoption—though debates around centralization are heating up.$