🇺🇸 The Law #GENIUS has been approved in the Senate, returning the role of competitiveness to the United States and that, together with the Emirates, they are going to literally take off into the new era of the internet of money.

🇪🇺 Meanwhile, in Europe we are dedicated to chasing and punishing innovation, with tech hubs, companies, and #crypto startups that struggle to operate within the legal framework.

🏁 Tether, Circle, and PayPal have licenses to operate on a global scale. Europe has a license to invite founders, investors, and builders to leave with them.

⚖️ The proposed regulation for the #stablecoins establishes that only authorized entities, such as banks, #fintechs, or state-approved issuers will be able to issue them.

⚙️ These must be backed in a 1:1 ratio by secure reserves like cash or Treasury instruments. Additionally, monthly auditing is required, strict rules for their redemption, and obtaining federal licenses that prevail over state ones.

🏛️ The assets must be held in trust banks under federal supervision, and the Treasury will also have authority over stablecoins issued abroad.

🤔 Meanwhile, the family #Trump silently reduced their stake in World Liberty Financial from 60% to 40%, potentially cashing out an estimated 190 million dollars, with 135 million dollars presumably destined for the President.