#StablecoinLaw U.S. Passes Historic Stablecoin Law â Game Changer for Crypto? đ”
The U.S. just approved the GENIUS Act, a bold move to bring stablecoins under clear federal rules! đșđžâ
Itâs now with the President for final approval â and could reshape digital finance forever.
Hereâs whatâs changing:
đ Only federally approved institutions can issue USD stablecoins
đ Must keep 1:1 reserves, monthly audits & full Fed oversight
đ Algorithmic coins & non-USD stablecoins? Not allowed
đșïž A single nationwide rule, no more state-by-state confusion