Sherie Garceau obnE

#USStablecoinBill Stablecoin Bill Shakes Washington Innovation Stifled or Security Strengthened? The GENIUS Act, aimed at establishing a regulatory framework for stablecoins in the U.S., is facing political headwinds. Nine Democratic senators—who initially supported it—have withdrawn their backing, citing concerns related to national security and anti-money laundering. Key Takeaways: The bill mandates that stablecoin issuers hold 100% reserves, excluding algorithmic stablecoins and those issued by non-U.S. entities like Tether. Banks could benefit from easier access to the stablecoin market, while innovative non-bank players might face greater challenges. Your Opinion Matters! In your view, does this bill: - Protect consumers and strengthen financial security? - Hinder innovation and favor large institutions at the expense of startups? #Write2Earn $USDC