#GENIUSActPass

The **GENIUS Act** has officially passed, setting a new standard for stablecoin regulation in the U.S. This law requires payment stablecoins to have **1:1 reserve backing** in U.S. dollars or equivalent assets, ensuring financial stability.

A key provision prevents **Big Tech** companies from issuing stablecoins, keeping financial services within regulated institutions. The act also introduces stricter oversight to prevent fraud and market manipulation.

With stablecoins projected to become a major part of the global financial system, the GENIUS Act could influence policies beyond the U.S. Its impact on innovation, consumer protection, and financial markets will be closely watched as the industry adapts to these new rules. #GENIUSActPass