#GENIUSActPass The GENIUS Act mandates that stablecoin issuers maintain a 1:1 reserve of assets, ensuring consumers can cash out their holdings even during market turmoil. It prioritizes coin holders for repayment in case of issuer bankruptcy and enforces anti-money laundering and anti-terrorism rules. Supporters argue this fosters trust and stability, potentially making stablecoins a reliable digital payment tool. Critics, however, claim the regulations are too weak to fully protect consumers from risks like fraud or market manipulation.