What is the GENIUS Act and why is it important?
The GENIUS Act is the first US law to regulate US dollar-backed stablecoins, signed into law in July 2025. It aims to protect users and build trust by requiring that stablecoins be:
🔹 Backed 1:1 by safe, liquid assets
🔹 Transparent with monthly reserve reports and audits
🔹 Compliant with AML/KYC regulations
🔹 Structured so that users' funds remain safe even in the event of an issuer's bankruptcy
This law could shape the future of stablecoins and the way people use them around the world. 🌍
GENIUSAct CryptoLaw Stablecoins BTC USDC USDT BinanceSquare.
