The GENIUS Act could be a big moment for crypto regulation in the U.S.
It’s designed to bring more clarity to how stablecoins like $USDT, $USDC, and $DAI are issued and backed — requiring a 1:1 reserve in liquid assets. That’s a step forward for transparency and protecting users.
But not everyone is on board. Some lawmakers, like Senator Elizabeth Warren, are raising concerns that the act might benefit Trump’s crypto interests — especially with his new “USD1” stablecoin and meme coin recently making waves.
This bill could shape the future of stablecoins in the U.S. — but the political tension around it makes things unpredictable.
