💵 GENIUS Act — The USA takes full control of stablecoins
The USA has passed the GENIUS Act, which literally turns stablecoins into a regulated banking instrument.
Now there will be strict:
— mandatory reserves
— audits
— licenses
— full supervision
This means: algorithmic “wonder tokens” like the old UST will no longer pass.
This is both protection and control.
And possibly, the market will become cleaner. But also more boring.
Crypto is maturing. And some people like it. While others will miss the chaos.