The GENIUS Act clearly reveals that the United States is moving faster towards regulating stablecoins.
🔹 Travis Hill, the acting head of the FDIC, announced that the regulatory body plans to propose a framework for implementing the GENIUS Act legislation before the end of the year.
This development means that stablecoins will become closer to official recognition and integration into the U.S. financial system, with clear rules for the entities that issue them and how to manage their risks.
The move also indicates a growing desire to reduce chaos and regulate the sector in a way that enhances trust for investors and institutions.
If this step is taken, it could pave the way for broader adoption of stablecoins within the traditional financial system—more safely and clearly.
#CryptoNews #Stablecoins #FDIC
USDC
0.9998
+0.01%
