#GENIUSActPass What is the GENIUS Law?

The GENIUS Law refers to the issuance and exchange of stablecoins, a form of digital currency backed by another form of currency, such as the US dollar or a commodity like gold.

Stablecoins are designed to be less volatile than other forms of cryptocurrencies, which can experience large price fluctuations and, in turn, pose challenges for people using them to facilitate a purchase or sale.