$USDC The GENIUS Act is a bill in the United States aimed at regulating stablecoins, which are digital currencies linked to the value of stable assets like the US dollar [1, 2]. The law focuses on consumer protection, ensuring the safety of the financial system, and enhancing the position of the US dollar [1, 3].

Key features of the GENIUS Act:

Federal regulation:

The law establishes a regulatory framework for stablecoins at the federal level, ensuring uniform oversight over their issuance and use [1, 3]. $USDC

Support for stablecoins:

The law requires that stablecoins be backed 1:1 by liquid assets such as the US dollar or high-quality assets, enhancing their stability and protecting consumers [1, 2].

Consumer protection:

The law includes provisions for consumer protection, including prioritizing holders of stablecoins in the event of the issuer's bankruptcy [2, 8].

Compliance with anti-money laundering $USDC

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