Think stablecoins are safe? The U.S just dropped a bomb that proves otherwise.


The U.S Senate just passed the GENIUS Act, which marks the first ever federal regulation for stablecoins, and it’s not just headline, it’s massive power shift.

What happens under this law? I will show you
Stablecoin issuers are supposed to hold an audited reserve.

Platforms like Circle (USDC) gain access.

Tether could face deeper scrutiny.

Companies like Visa and Amazon may soon join the party. While most supporters of the “GENIUS Act” call it an issuance of transparency, critics say that this is an “overreach” in crypto and the government took that move autocratically. With Texas officially having bitcoin reserves, the news for all crypto enthusiasts is that, if you’re holding stablecoins, this Is the turning point between crypto staying wild or becoming Wall Street 2.0

This could be the next blueprint for the next global digital economy.@Binance Africa

But what is your take on this? Another bias?

#GENIUSActPass #CryptoRegulation #BinanceSquare #Web3 #thePOV