#GENIUSActPass O GeniusAct is a bill in the United States called the Guiding and Establishing National Innovation for U.S. Stablecoins Act, which aims to create a regulatory framework for stablecoins in the country2.

Key points of the GeniusAct:

Dual regulatory oversight – Stablecoin issuers can choose between federal or state supervision.

Full backing – Stablecoins must be 100% backed by US dollars or highly liquid assets, such as U.S. Treasury securities.

Mandatory audits – Issuers must undergo annual audits to ensure transparency.

Exclusion from traditional regulatory regimes – Stablecoins will not be classified as securities, commodities, or investment products.

Certification Committee – An entity will be created to assess whether state regulations meet federal standards.

The GeniusAct could boost the stablecoin market, bringing more security and regulatory clarity. It is estimated that with this legislation, the sector could reach US$ 2 trillion by 2028

FOLLOW ME