⚖️ GENIUS Act – Will This Redefine Stablecoins in the U.S.?
A new bill in the U.S. could reshape the entire stablecoin market – and it's not just hype.
📜 What is the GENIUS Act?
GENIUS = Guaranteeing Uniform and Notarized Inspection and User Safety
This proposed law would require:
– 100% reserve backing in liquid assets
– No interest payments to stablecoin holders
– Monthly public disclosures and audits
– Mandatory issuer registration within the U.S.
🚨 But here’s the catch
Tether ($USDT) – the dominant player – may not be subject to these rules due to jurisdictional loopholes.
So will this create a safer market, or a two-tier system?
🤔 What does this mean for crypto?
– More trust = more institutional money
– Smaller projects may struggle with compliance
– USDT could maintain dominance if not held to the same standard
📍 Pro tip for traders:
Don’t ignore stablecoin headlines. It’s not just legal drama.
Your liquidity, your PnL – all depend on how solid your stablecoin really is.
