Date: May 19, 2025
Location: Washington, D.C.
The U.S. Senate has passed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), marking a historic step toward federal regulation of stablecoins—cryptocurrencies tied to traditional assets like the U.S. dollar#USDT 
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Key Points:
Stablecoin Issuers Must Be Licensed: Either federally or at the state level.
Full Reserve Requirement: Stablecoins must be backed 1:1 by cash or safe assets like U.S. Treasuries.
Consumer Protections: Includes rules against false advertising (e.g., pretending stablecoins are FDIC-insured).
No Yield-Producing Stablecoins: Interest-earning stablecoins are banned to reduce financial risk.
Big Tech Limits: Large tech firms are restricted from issuing stablecoins unless they meet strict standards.
