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    1. coinfeeds-bot on

      tldr; The GENIUS Act, aimed at regulating stablecoins in the US, requires issuers like Tether to comply with strict transparency and risk management standards within 18-36 months or face a market ban. Tether, known for its lack of transparency, must decide whether to comply, withdraw from the US, or create a new compliant stablecoin. While Tether dominates the global stablecoin market, exiting the US could harm its reputation and market share, benefiting competitors like Circle’s USDC. The Act’s final provisions are still under negotiation in Congress.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. inShambles3749 on

      They will just buy themselves out. And make a DEAL with the deal maker of all deals who managed to full frontal crash the American economy

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