#GENIUSActPass
The great step of the U.S. towards the regulation of stablecoins 🇺🇸💡
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🚨 Attention, crypto community!
The U.S. Senate has overwhelmingly approved the historic GENIUS Act (“Guiding and Establishing National Innovation for U.S. Stablecoins”), giving a decisive boost to the regulatory landscape of stablecoins. 🎯📜
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🧩 What does this law establish?
It requires 1:1 backing with dollars or liquid assets (e.g., bonds) for all stablecoins.
It imposes monthly audits and required financial reports to back the funds.
It prioritizes users (depositors) in case of the issuer's bankruptcy.
It blocks members of Congress and high executives from issuing stablecoins (but not the President).
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📊 Direct impact on the crypto market
Supports USDC and Tether: strong brands now with clear regulation.
Institutional explosion: Coinbase sees a jump of +16% in its stock, and Circle +238% since its IPO.
Prepared companies: giants like Meta, Amazon, Visa, and Walmart are already ready to join.
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🌍 Why is it a paradigm shift?
It establishes clear rules for a market that moves nearly $250 billion.
It strengthens the digital dollar against other existing or emerging currencies and CBDCs.
It positions the U.S. as a global regulatory leader in crypto, paving the way for large-scale innovations.