๐จ BREAKING: #StablecoinLaw is now U.S. law.
The GENIUS Act, just signed, is the first U.S. law regulating stablecoins โ and it changes everything:
โ Issuers must be licensed & fully backed (1:1 reserves in T-bills/cash)
๐ Monthly audits, no rehypothecation, AML compliance
๐ No interest payouts โ safer, more transparent digital dollars
๐ Coinbase & crypto stocks rally, $BTC & $ETH spike
๐ This is regulatory clarity that could supercharge global stablecoin adoption โ and put the U.S. back in the digital currency lead.
Butโฆ no FDIC protection yet. Risks remain.