Law Passed by US Congress Brings New Framework for Cryptocurrency

The US House of Representatives has approved the GENIUS Act, a stablecoin bill. It is now awaiting the President's signature.

#StablecoinLaw

📌 This law legally defines stablecoins for the first time in the US.

📌 Federal licensing and reserve requirements are being introduced.

Key provisions:

– Stablecoins must be backed by 100% cash or Treasury securities

– Cannot be issued without federal licensing

– Can be integrated into retirement systems like 401(k)s

– High transparency and regular reporting requirements will be mandated

This step could signal a new era for DeFi, payment systems, and institutional investments.

However, it also brings with it discussions about “centralization.”