#StablecoinLaw
🚨 Major Update from the U.S. – The GENIUS Act Is Official! 🇺🇸⚡
President Trump has officially signed the GENIUS Act into law, marking a pivotal moment for the crypto industry — right in the middle of what's now dubbed Crypto Week. Here's what this means:
🔹 Stablecoin Rules Get Real
For the first time, USD-backed stablecoins are under clear regulations. Projects must now maintain strict 1:1 dollar reserves — no more questionable backing or vague promises. This aims to boost credibility and investor confidence.
🔹 Insider Profits Curbed (Mostly)
Members of Congress and their immediate families are now prohibited from earning profits through stablecoin dealings, reducing the risk of conflicts of interest.
👉 However, Trump and his family are exempt from this rule — interpret that however you like. 😅
🔹 U.S. Flexes Its Muscle
With this law, the U.S. is aiming to reclaim dominance in both global finance and crypto. Trump labeled it a “giant leap” and a “historic validation” for digital assets.
🔥 Game-changing move or just political optics? What’s your take?