#StablecoinLaw The US has passed its first major cryptocurrency law regulating stablecoins, known as the GENIUS Act. This law requires stablecoin issuers to maintain 1:1 reserves in high-quality liquid assets like US dollars or short-term Treasuries and undergo regular audits. The GENIUS Act aims to provide clarity and stability to the $160 billion stablecoin market, potentially boosting investor confidence and mainstream adoption. Although it has bipartisan support, critics argue it may increase systemic risks and lacks robust consumer protections. The law is expected to take effect in 18 months or 120 days after federal agencies finalize rules.¹ ²