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Fana khan
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👑💣 THE KING $
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ON THE FIRE MOVE 💥 MILLIONAIRE ARMY CAN REALLY POSSIBLE $TRUMP AGAIN REACH $77 OR $100🥂
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Yesterday I claimed (34.102) $OPEN Airdrop ! OPEN 1.0117 -5.55% Follow For Authentic AIRDROPS 🎁 I'll share you more coming Airdrops👈$OPEN $BNB
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The GENIUS Act, or Guiding and Establishing National Innovation for U.S. Stablecoins Act, is a landmark legislation that establishes a comprehensive regulatory framework for stablecoins in the United States. Here's what you need to know ¹ ²:$BTC - *Key Provisions:* - *Stablecoin Reserve Requirements*: Stablecoin issuers must hold 100% reserves in high-quality liquid assets, such as US dollars or Treasury securities. - *Dual Licensing Regime*: The act introduces a dual licensing framework, allowing stablecoin issuers to choose between federal and state-level regulation. - *Anti-Money Laundering (AML) and Sanctions Compliance*: The act emphasizes the importance of AML and sanctions compliance, with strict requirements for stablecoin issuers. - *Consumer Protection*: The act prioritizes consumer protection, ensuring that stablecoin holders have legal redemption rights and priority claims over other creditors in case of issuer insolvency. - *Impact:* - *Regulatory Clarity*: The GENIUS Act provides much-needed regulatory clarity for the stablecoin industry, which has grown significantly in recent years. - *Increased Confidence*: The act's provisions aim to increase confidence in stablecoins, which are designed to maintain a stable value relative to a fiat currency. - *Growth and Innovation*: By establishing a clear regulatory framework, the act is expected to promote growth and innovation in the stablecoin industry. - *Legislative History:* - *Introduced*: The GENIUS Act was introduced in the Senate by Bill Hagerty (R-TN) and gained bipartisan support. - *Passed Senate*: The act passed the Senate on June 17, 2025, with a vote of 68-30. - *Passed House*: The act passed the House on July 17, 2025, with a vote of 308-122. - *Signed into Law*: President Donald Trump signed the act into law on July 18, 2025. The GENIUS Act represents a significant step towards establishing a comprehensive regulatory framework for digital assets in the United States ².$BNB
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