#StablecoinLaw The GENIUS Act aims to bring clarity and oversight to the rapidly growing stablecoin market. Key provisions of the act include requirements for stablecoin issuers to hold one-to-one reserves to back their tokens, implement anti-money laundering (AML) and know-your-customer (KYC) protocols, and undergo regular audits. Proponents of the bill argue that it will foster innovation while protecting consumers and the broader financial system