#Write2Earn 🏛️ What is the GENIUS Law?

It was announced in a Senate session on June 17, 2025, with a majority of 68–30, and then approved by the House of Representatives on July 17, 2025, with a vote of 308–122.

It was signed by the President on July 18, 2025.

The law imposes strict conditions on the issuance of stablecoins, including: • Full 1:1 backing with liquid assets (Dollar/Treasury bills), • Monthly reserve audits, • Compliance with anti-money laundering rules, • Ban on algorithmic currencies, • Prohibition on issuing interest directly from the issuer.

⚙️ Implementation Phases

The law will come into effect within 18 months of signing or within 120 days after the issuance of final regulations, which is before November 2026.

📌 Promotional Directions

After its signing, the market saw a positive response: top executives from Coinbase, Kraken, and Gemini attended the signing ceremony, and stocks associated with digital currencies experienced volatility and relief.

Critics are accusing of conflicts of interest—especially since the law does not prohibit profits for the President or his family.

Potential beneficiaries: Tether may lose its massive share (~$156 billion) due to transparency requirements, while Circle may achieve significant gains.