📢 #StablecoinLaw – U.S. GENIUS Act Now in Effect

The GENIUS Act, the first federal stablecoin law in the U.S., has been signed into law—marking a major regulatory turning point 🏛️💵 .

Key Highlights:

✅ Only “permitted payment stablecoin issuers” (banks, fintechs, OCC‑approved) can issue USD-backed stablecoins

✅ 1:1 reserve requirement in cash or Treasuries, with monthly attestations and audits

✅ Algorithmic stablecoins are banned; strict AML/Bank Secrecy Act compliance required

✅ Takes effect within ~18 months or after regulators publish final rules

✅ Opens U.S. stablecoins to global issuance under “comparable” oversight—and boosts tokenization of real-world assets

💬 What This Means for Binance Users:

Will USDC, BUSD, and new compliant stablecoins gain more trust and volume?

Could non‑compliant or algorithmic stablecoins be delisted by U.S. platforms?

Does this law foster innovation or concentrate power with big institutions?

Join the discussion below! 👇

#StablecoinLaw #CryptoRegulation #BinanceCommunity