This is historic for the world of stablecoins! 🇺🇸
The United States has just adopted its very first federal law to regulate stablecoins: the GENIUS Act!
(GENIUS = Guiding and Establishing National Innovation for U.S. Stablecoins Act)
👉 Basically, it’s a clear framework to regulate these stable cryptos, often backed by the dollar.
Objective: to encourage innovation, secure users, and integrate stablecoins into real finance.
What you need to remember:
✅ Only authorized issuers will be able to create stablecoins.
✅ Stablecoins must be backed 100% by safe reserves (cash, Treasury bonds...).
✅ Issuers will be subject to audits, monthly reports, and strict anti-money laundering rules.
❌ Prohibition on paying interest or reusing reserve funds.
🏛️ Supervision ensured by the FED, the OCC, and local regulators.
Trump himself praised the law as "pure genius" 😎
But beware, some denounce a risk of monopoly for industry giants like Circle and an exclusion of smaller players.
Effective date set for 2026.
Issuers therefore have one year to comply… or disappear from the market 🇺🇸
In your opinion: is this a step forward or a setback for crypto?
Let us know what you think! 👇
#Stablecoins #CryptoNews #USDC #USDT #LoiGenius
The United States has just adopted its very first federal law to regulate stablecoins: the GENIUS Act!
(GENIUS = Guiding and Establishing National Innovation for U.S. Stablecoins Act)
👉 Basically, it’s a clear framework to regulate these stable cryptos, often backed by the dollar.
Objective: to encourage innovation, secure users, and integrate stablecoins into real finance.
What you need to remember:
✅ Only authorized issuers will be able to create stablecoins.
✅ Stablecoins must be backed 100% by safe reserves (cash, Treasury bonds...).
✅ Issuers will be subject to audits, monthly reports, and strict anti-money laundering rules.
❌ Prohibition on paying interest or reusing reserve funds.
🏛️ Supervision ensured by the FED, the OCC, and local regulators.
Trump himself praised the law as "pure genius" 😎
But beware, some denounce a risk of monopoly for industry giants like Circle and an exclusion of smaller players.
Effective date set for 2026.
Issuers therefore have one year to comply… or disappear from the market 🇺🇸
In your opinion: is this a step forward or a setback for crypto?
Let us know what you think! 👇
#Stablecoins #CryptoNews #USDC #USDT #LoiGenius