???

Avproved

👍

👍🏻

👍🏻

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) is landmark legislation recently passed by the U.S. Senate on June 17, 2025, with a vote of 68–30
geniusact.xyz
+15
theverge.com
+15
apnews.com
+15
.

🏦 What the GENIUS Act Does:
Establishes the first federal regulatory framework specifically for dollar-pegged stablecoins, treating them as payment instruments, not securities .

Requires reserves to be held 1:1 in high-quality liquid assets (cash, Treasury bills), with monthly transparency and audits for issuers over $50B
dzilla.com
+7
odaily.news
+7
tradingkey.com
+7
.

Sets anti‑money laundering standards, KYC rules, and consumer protections, including priority payout in issuer bankruptcy
axios.com
+15
theblockchain.digital
+15
axios.com
+15
.

Creates a new regulatory category: Payment Stablecoins, overseen by banks, OCC‑regulated non‑bank issuers, or state‑licensed entities
insights.digift.sg
+2
theblockchain.digital
+2
tradingkey.com
+2
.

✨👍

Mantabkawan