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⚖️ Scandal surrounding the GENIUS law: are stablecoin issuers profiting from stolen funds?
New York Attorney General Letitia James and Prosecutor Alvin Bragg pointed out a serious 'loophole' in the new legislation in the USA, signed by Donald Trump in July 2025.
What is the essence of the claims?
The GENIUS law, which was supposed to regulate market stability, requires issuers (Tether, Circle) to hold 100% of reserves in liquid assets. However, it lacks a provision for the return of stolen assets to victims.
What is the essence of the claims?
The GENIUS law, which was supposed to regulate market stability, requires issuers (Tether, Circle) to hold 100% of reserves in liquid assets. However, it lacks a provision for the return of stolen assets to victims.
🚨Regulatory Turning Point: The GENIUS Act:
The GENIUS Act (a stablecoin-focused federal bill) is now officially law.
Why it matters:
This provides the first major federal framework for stablecoins in the U.S., which institutional leaders like JPMorgan's Jamie Dimon have noted as a key reason for their softening stance on digital assets.
Institutional Shift: Major banks are now reportedly preparing to offer direct crypto trading to institutional clients by mid-2026.
$BTC
$ETH
$XRP
#geniuslaw
#GENIUSAct
The GENIUS Act (a stablecoin-focused federal bill) is now officially law.
Why it matters:
This provides the first major federal framework for stablecoins in the U.S., which institutional leaders like JPMorgan's Jamie Dimon have noted as a key reason for their softening stance on digital assets.
Institutional Shift: Major banks are now reportedly preparing to offer direct crypto trading to institutional clients by mid-2026.
$BTC
$ETH
$XRP
#geniuslaw
#GENIUSAct
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