#GENIUSAct

Hello friends, how are you?

I hope you are all doing well.

The GENIUS Act 2025 addresses cryptocurrency and is a draft law aimed at regulating the stablecoin market in the United States. The GENIUS Act itself stands for Guiding and Establishing National Innovation for U.S. Stablecoins Act.

Some important points in the GENIUS Act include ¹:

- *Stablecoin Regulation*: This bill requires that every circulating stablecoin must be fully backed by U.S. dollars or other stable liquid assets.

- *Periodic Audits*: Issuers of stablecoins with a market capitalization of over $50 billion are required to conduct annual audits to ensure financial transparency and accountability.

- *Official License*: Only entities that have obtained an official license from federal or state regulators are allowed to issue stablecoins.

- *Ban on Algorithmic Stablecoins*: This bill prohibits algorithmic stablecoins that rely on algorithmic mechanisms without support from physical assets.

Regarding Bitcoin, Trump also discussed the possibility of the United States converting part of its gold reserves into Bitcoin. A survey shows that 80% of Americans want the U.S. to diversify its national assets by converting some gold reserves into Bitcoin ².

However, it is important to note that Senator Elizabeth Warren criticized this bill, stating that Trump and his family have pocketed hundreds of millions of dollars from cryptocurrency projects and that this bill could accelerate "cryptocurrency corruption" ¹.

What do you think?

Please discuss in the comments section.

Thank you 🙏