GENIUS Act Becomes Law â Big Win for Stablecoins
đš Regulatory Milestone:
The U.S. has officially passed the GENIUS Act, establishing the first federal framework for dollar-backed stablecoins.
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Requires full 1:1 asset backing
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Regular audits and consumer protections
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Boosts confidence in regulated crypto-assets
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Sets the stage for banks and fintechs to enter the stablecoin space
This is a huge win for mass adoption and institutional trust in crypto. Stablecoin season may just be getting started. đ„
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