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rajend1986
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🚨 IMPORTANT NEWS: A message from the President to the House following the Senate’s passage of the GENIUS Act:
“Get it to my desk ASAP — NO DELAYS, NO ADD ONS.”
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🎉 New Update Pi Network: What is “Synchronize Status on Mining App” used for? Go and Check yours in the Pi main App and Pi Browser Pi Network —> Pi Browser —-> KYC —-> Synchronize Status on Mining App —-> Status: send 💥The “Synchronize Status on Mining App” function in the KYC section of Pi Browser plays the role of linking and updating the KYC status between the Pi Browser and the Pi Network mining app. 💥When you tap this button and see the message “status: send”, it means your KYC verification information has been sent or is being synchronized with the system. 💥This feature is commonly used in the following situations: You’ve completed KYC on Pi Browser, but the mining app hasn’t updated the status. You want to make sure your KYC data has been correctly transmitted between the two apps. The system needs to re-trigger synchronization in case of an error or network disruption. Wishing all Pioneers success in completing their missions! 👍👋👋 Have a Nice Day Guy's ...
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#GENIUSActPass GENIUS Act Passed – Stablecoin Legislation Takes Shape Ahead of August Rollout ✅ GENIUS Act Passes Senate The GENIUS Act—a groundbreaking stablecoin regulatory framework—cleared the U.S. Senate on June 17, 2025, with overwhelming bipartisan support. It is now awaiting President Trump's signature, expected by the end of June. 📜 GENIUS Act Summary Full Name: Government-Enabled National Infrastructure for US-Dollar Stablecoins Goal: To establish a federal regulatory framework for issuing USD-backed stablecoins safely and at scale. Key Provisions: Federal licensing of stablecoin issuers via the U.S. Treasury 100% reserve backing (cash or short-term Treasuries only) Mandatory real-time audits and monthly transparency reports Protection of consumer redemption rights Coordination with the Federal Reserve, OCC, and SEC 📆 August 2025 – Regulatory Activation Timeline 🔒 Effective Date of GENIUS Act: August 1, 2025 Once signed, key provisions of the GENIUS Act become active on August 1, 2025. All non-compliant stablecoin issuers must apply for federal licenses or wind down operations. ⚖️ August 2025 Global & U.S. Crypto Regulations 1. U.S. Treasury: Launches Stablecoin Licensing Portal Issues first guidance on interoperability with FedNow 2. Hong Kong: Starts enforcing its Stablecoin Licensing Regime (announced June 15, 2025) Accepts applications from qualified Web3 and TradFi companies 3. EU MiCA Phase 2: Expands into EMT (e-money token) and ART (asset-referenced token) regulation Requires local registration and passporting compliance for foreign issuers --- 🌐 Why This Matters Signals a global convergence on stablecoin policy The U.S. is now officially in the game of digital dollar competition Builds foundation for public-private stablecoin ecosystems Promotes safe innovation while addressing systemic risks in crypto finance
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