#StablecoinLaw The American Council agreed and adopted the American Council; this council is the custodian of the world and the arbiter of the world, so listen up to what it has approved this time.

The U.S. House of Representatives approved a historic bill for stablecoins (GENIUS Act) and referred it to the President's office.

This could represent an important step towards regulatory clarity for the cryptocurrency sector, with implications for decentralized finance (DeFi), payments, and more.

On the other hand, this raises questions about decentralization and compliance.