🚨 *GENIUS Act: New Regulatory Framework for Stablecoins!* 📣

*Key Provisions:*

- *100% Reserve Backing:* Stablecoin issuers must maintain 100% reserve backing with highly liquid assets like U.S. dollars or short-term Treasuries.

- *Monthly Disclosures:* Issuers must make monthly public disclosures of their reserve composition, bringing transparency to the market.

- *Dual-Regulatory System:* Stablecoin issuers can choose between federal and state oversight, with state-regulated issuers limited to a market capitalization of less than $10 billion.

*Oversight and Compliance:*

- *Prohibited Entities:* Large non-financial companies are prohibited from issuing stablecoins without special approval.

- *No False Claims:* Issuers cannot claim their stablecoins are federally insured or backed by the U.S. government.

- *Anti-Money Laundering:* Stablecoin issuers are classified as financial institutions under the Bank Secrecy Act.

*Current Prices:*

- $BTC: 112,999.99 (+1.56%)

- $ETH: 4,356.48 (+1.56%)

- $BNB: 881.05 (+0.84%)#BinanceHODLerERA #BinanceAlphaAlert