#StablecoinLaw STABLECOIN OF THE FUTURE: HAS THE LAW ARRIVED, HAS FREEDOM GONE?
Well, ladies and gentlemen, congratulations! America has officially legalized the digital dollar. No, not that CBDC that sends shivers down the spine of every free-thinking citizen. We are talking about the new, shiny, like a soldier's boot on parade, GENIUS Law, a new law on stablecoins, signed by none other than Donald Trump. This happened on July 18, 2025. A historic moment. Almost like the moon landing, only without the moon, and with heaps of reserves in securities.
America, welcome, you now have "official digital money."
Just think: now, if you want to issue your own stablecoin, you have to meet a bunch of requirements. One-to-one in reserves? Sure. Monthly audits? Well, who doesn't like someone looking at their accounting? Transparency, AML compliance, in general, almost like in a bank. Only now it's called "innovation."
Wasn't that the essence of cryptocurrencies, to move away from the traditional financial system? Ah, yes, that was before banks, Amazon, and Wall Street decided they also wanted to play with blockchain.
Banks are eager to get into cryptocurrencies.