#StablecoinLaw

#StablecoinLaw President Trump just signed the GENIUS Act, which is, frankly, a major achievement in the cryptocurrency space - all during what is being called Cryptocurrency Week. Let's clarify what this means:

🔹 Clear regulations for stablecoins

This law finally provides us with a proper regulatory framework for dollar-backed stablecoins. Projects will now be required to hold dollar reserves at a 1:1 ratio - no more misleading backing or unverified claims. This is a huge step towards trust and stability.