📢 The USA tightens regulation on stablecoins! 🇺🇸
The Senate Banking Committee has approved the "GENIUS" bill, which introduces strict rules for stablecoin issuers.
🔍 What does this mean?
✔️ AML/KYC – now all large transactions must undergo verification and user identification.
🔒 Freezing transactions – the U.S. Treasury gains the right to block suspicious transfers, and issuers are required to integrate freezing mechanisms.
🏛 Division of oversight – Small issuers (up to $10B) are regulated at the state level, while large ones are regulated by federal authorities.
💰 Reserve backing – stablecoins must be fully backed by liquid assets (cash, deposits, and U.S. bonds).
📊 Transparency – companies are required to publish monthly reports on reserves.
⚡ What's next?
Now the bill goes to a vote in the Senate and the House of Representatives.
How will this affect the market?
Write in the comments! 💬