#StablecoinLaw The U.S. House has passed the GENIUS Act, sending it to President Trump to establish the first-ever stablecoin regulation framework. The bill mandates 1:1 backing with U.S. dollars or Treasuries, monthly reserve disclosures, and requires issuers to be federally or state‑regulated. Big banks (JPMorgan, Citi, Goldman) are already preparing to launch their own stablecoins. Advocates expect faster payments, lower fees, and increased trust—but consumer groups worry about risks and lack of FDIC backing marketwatch.com. This marks a pivotal step toward mainstreaming digital money.