#StablecoinLaw US Passes Landmark Stablecoin Law: What's Next?

The US has made a significant stride in cryptocurrency regulation with the passage of the GENIUS Act, establishing a federal framework for stablecoins. This law sets strict rules for issuers and reserves, banning algorithmic stablecoins and enforcing audits to prevent another Terra-like collapse.

Key Provisions:

Reserve Requirements: Stablecoin issuers must maintain dollar-equivalent reserves.

Treasury Registration: Issuers must register with the Treasury Department.

Independent Audits: Regular audits ensure transparency and accountability.

This law provides clarity for financial institutions, crypto companies, investors and consumers, positioning the US as a leader in global stablecoin regulation.