#StablecoinLaw 17–18 July 2025, Congress passed and signed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act), which introduces:

• 1:1 backing with USD or treasury bonds,

• monthly audits, public reports, and AML/KYC,

• a ban on yield-bearing stablecoins,

• different regulators for banks and non-banks: OCC and Stablecoin Certification Review Committee

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• Pros: clarity, user protection, potential for bank participation.

• Cons: favors big players but may crush small ones; expands oversight and control over users.