The GENIUS law introduces strict requirements for issuers of dollar stablecoins, preventing technology giants and large banks from dominating this market. This opinion was shared by Circle's Chief Strategy Officer Dante Disparte.

Any non-banking organization wishing to issue a stablecoin must create a separate structure, undergo checks by the antitrust committee, and obtain approval from the U.S. Treasury. Banks are prohibited from using issued tokens for lending and risky operations: they must keep them in specialized subsidiaries without the right to lend or borrow.

In addition, the law establishes the necessity of a banking trust license for issuers whose reserves exceed $10 billion. It also prohibits stablecoins with interest payments and introduces criminal liability for violations. According to Disparte, such measures will protect consumer interests, strengthen the dollar's position, and create equal conditions for market participants.$XRP $BTC $FUN