#StablecoinLaw $ETH
The hashtag *#StablecoinLaw* refers to new U.S. legislation regulating stablecoins, representing a significant shift in the regulation of digital assets in the United States.
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🇺🇸 What is the Stablecoin Law (GENIUS Act)?
On July 18, 2025, President Donald Trump signed the *GENIUS Act* (Guiding and Establishing National Innovation for U.S. Stablecoins), which is the first federal law regulating stablecoins in the United States.
Key provisions of the law:
- *Full reserve backing*: Stablecoins must be backed 1:1 by the U.S. dollar or low-risk assets such as treasury bonds.
- *Monthly disclosure*: Issuers are required to provide audited monthly financial reports.
- *Interest payment ban*: Issuers are not allowed to pay interest on stablecoins.
- *Dual oversight*: Issuers are subject to both federal and local oversight.
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📊 Market impact
- *Market capitalization increase*: After the law was signed, the market capitalization of digital currencies surpassed $4 trillion, and the price of Bitcoin reached $123,000.
- *Institutional interest*: Major banks like JPMorgan and Bank of America began exploring issuing their own stablecoins.