#TrumpBitcoinEmpire

Stablecoins take off in the US: requirements and limits for the arrival of big banking

Issuers must maintain reserves that back the assets in a one-to-one ratio. They must be composed of dollars, deposits, or short-term Treasury bills and bonds.

Donald Trump has kept one of his major promises: to give the United States the first legislation on digital assets, after years of skepticism and oppression from previous administrations and regulators. After the Senate's approval, on Thursday the House of Representatives passed the Genius Act, a regulation that governs stablecoins, and represents the first piece of a broader legislative framework that will be debated in the Senate, which includes comprehensive regulation of the digital asset market and a ban on the development of a digital dollar. This law will "ensure the status of the dollar as the world's reserve currency," Trump said last Friday after signing the law.