#USStablecoinBill | Major Milestone for Crypto Adoption
Hey Noobsters! Some bullish news just dropped this May 2025 — the Genius Act has made it past the Senate Banking Committee!
This bill sets the stage for a federal regulatory framework on stablecoin payments — translation: we're edging closer to mainstream adoption.
Stablecoins like USDC and USDT, already pegged 1:1 with USD, meet key requirements. While there are still technical knots to untangle, this bill is a big win.
Here’s the TL;DR:
Only insured depository institutions (banks/regulated financial firms) can issue stablecoins.
Coins must maintain a 1:1 USD peg (Stable Act standards).
Aims to reduce systemic risks and money laundering concerns.
Oversight battle brewing — should the Fed take full control?
Pushback on Big Tech entering the stablecoin race.
This move could bring clarity, credibility, and confidence to the space — but expect some resistance from crypto purists and decentralization advocates.
Your move, crypto world.
#Binance #CryptoRegulation #Stablecoins #USDC #USDT #CryptoNews #MainstreamAdoption
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