The updated GENIUS Act (S. 1582) expands the scope of U.S. regulatory oversight to include foreign stablecoin issuers, such as Tether, that provide services to U.S. users. It also significantly broadens the scope of "digital asset service providers" to include developers, auditors, and self-custody wallet providers, all of whom will be required to comply with the Bank Secrecy Act and anti-money laundering regulations. $BTC $XRP
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