The Genius Act is a US law aimed at establishing federal oversight for stablecoin issuers, setting rules for reserves, redemption rights, and licensing requirements.
The GENIUS Act is a United States federal law that creates a comprehensive regulatory framework for stablecoins.
The Guiding and Empowering Nation’s Innovation for US Stablecoins Act, better known as the GENIUS Act, is the United States’ first federal law focused exclusively on payment stablecoins. The White House categorically states it is a historic piece of legislation that will pave the way for the US to lead the global digital asset revolution.
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