#StablecoinLaw signed the GENIUS Act into law — a major win for crypto during "Crypto Week"! 🇺🇸🚀
Here’s what it means:
🔹 Clear Rules:
The act establishes a regulatory framework for US dollar-backed stablecoins — including strict 1:1 reserve requirements.
🔹 No Profiteering (Sort of):
Congress members and their families are barred from benefiting from stablecoin investments… but Trump & family are exempt 👀
🔹 Massive Boost:
Trump calls it a “giant step” toward solidifying America’s leadership in crypto & global finance.