"A few clarifications regarding the GENIUS Act, which is a 'historic moment' that has captured the attention of the entire industry."
*What is this thing for:
It is to create an overall framework and a clear 'federal regulatory framework' for stablecoin issuers operating in the United States and their products, or the circulation or trading of their stablecoins within the United States.
Views on the GENIUS Act "Prohibition of Interest-Bearing Stablecoins":
The purpose of the GENIUS Act itself is to promote the development of compliant stablecoins through clearer and stricter regulations... decentralized stablecoins... still fantasizing about joining the system of this great Song Dynasty????
This should theoretically make decentralized stablecoins more decentralized and stronger. Just give up and develop well on Liangshan...