#StablecoinLaw ๐จ BREAKING: President Trump has officially signed the GENIUS Act into law โ a major win for crypto during "Crypto Week"! ๐บ๐ธ๐
Hereโs what it means:
๐น Clear Rules:
The act establishes a regulatory framework for US dollar-backed stablecoins โ including strict 1:1 reserve requirements.
๐น No Profiteering (Sort of):
Congress members and their families are barred from benefiting from stablecoin investmentsโฆ but Trump & family are exempt ๐
๐น Massive Boost:
Trump calls it a โgiant stepโ toward solidifying Americaโs leadership in crypto & global finance.
๐ฌ What do you think, #CryptoFams โ bullish or skeptical?