#StablecoinLaw đșđž GENIUS ACT: AMERICA JUST FLIPPED THE SWITCH ON STABLECOINS
BREAKING: The U.S. Congress has passed the GENIUS Act, and it's headed to the White House for a formal signing ceremony TOMORROW. The bill marks a watershed moment: stablecoins are no longer a gray marketâtheyâre about to become U.S. law.
But thatâs not all. In a move that shocked both sides of the aisle:
> đ„ The Anti-CBDC Act PASSED the House 219â210âwith two Democrats voting âyesâ.
Thatâs right. The U.S. just said âno thanksâ to a government-controlled digital dollar and âYESâ to private stablecoins. Thatâs not policy. Thatâs a paradigm shift.
đ„ WHAT THE GENIUS ACT MEANS
Stablecoin issuers (including banks) must back coins 1:1 with real assets.
Monthly audits requiredâtransparency is mandatory.
No interest payouts by issuers, but DeFi integrations still possible.