š Itās all about TARIFFS & cannot be cut because of the data publication error - Powell always RIGHT š
š USD rose again as people returned to defense, so the rest are in the red - the market is just that way - continuous thunder and lightning
š Soā¦. š° still within an acceptable price range, good indeed AE "No matter what anyone says, confirm the ups and downs, the market is still UP"
The eldest brother said - opportunities come to us too many times... Too many opportunities for us... but then what? Everything has been missed - has not been caught - has been sold prematurely and then there will be NO MORE OPPORTUNITIES LEFT
š That's what he means š - and what the hell is always adding the words BUILDERS and BUILD for extra flair š
š This GENIUS law establishes the first federal legal framework for stablecoin, focusing on user protection, national security, and maintaining the position of the USD as the global reserve currency.
š USER PROTECTION
ā Requires stablecoins to have 100% of reserves backed by USD or short-term treasury bonds ā Mandates monthly transparent disclosures of reserve composition ā Prohibits misleading advertising and false claims that stablecoins are government-backed ā In case of bankruptcy, prioritizes the interests of stablecoin holders over other creditors
šµ STRENGTHENING THE POSITION OF THE USD
ā Stablecoins must be backed by U.S. assets, increasing demand for U.S. bonds ā Helps maintain the USD's position as the global reserve currency ā Attracts investment and innovation, while creating a clear environment for the stablecoin industry to grow
š”ļø ENHANCING NATIONAL SECURITY & COMPLIANCE
ā Applies the Bank Secrecy Act to stablecoin issuers ā Requires the establishment of anti-money laundering systems and compliance with international sanctions ā Issuers must have the ability to freeze, seize, or burn stablecoins upon legal request
the Farmer
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Bullish
TODAY: President Trump signs the GENIUS Act into law, the first federal legal framework for stablecoins.