#StablecoinLaw
The U.S. GENIUS Act is a proposed federal framework designed to regulate stablecoins, with a focus on financial stability and consumer protection. It requires all stablecoins to be backed 1:1 by high-quality liquid assets—such as U.S. dollars or short-term Treasury securities.
Under the act:
Issuers with over $10 billion in circulation will be subject to federal oversight.
Smaller issuers may operate under state regulation, provided they align with federal standards.
🔑 Key Provisions:
No interest-bearing stablecoins
Mandatory reserve disclosures
Priority treatment in bankruptcy
Compliance with AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements is mandatory for all issuers.