It’s a historic day for crypto in America! Dollar-backed stables are here to stay!
LFG
Jamar_JavarisonLamar on
Nice! Expect a sell off but only traders care. Give me 2-3 months from now 🥂📈
coinfeeds-bot on
tldr; The U.S. House has passed the GENIUS Act, establishing a national framework for regulating payment stablecoins. The act mandates that only federally or state-approved entities can issue stablecoins, with strict reserve backing, regular audits, and public disclosures. It includes consumer protections, anti-money laundering measures, and pathways for state-level regulation. This follows the CLARITY Act, creating a comprehensive federal approach to digital assets and blockchain regulation.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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this is a big moment
What network is gonna be 🔥 for stable coins?
It’s a historic day for crypto in America! Dollar-backed stables are here to stay!
LFG
Nice! Expect a sell off but only traders care. Give me 2-3 months from now 🥂📈
tldr; The U.S. House has passed the GENIUS Act, establishing a national framework for regulating payment stablecoins. The act mandates that only federally or state-approved entities can issue stablecoins, with strict reserve backing, regular audits, and public disclosures. It includes consumer protections, anti-money laundering measures, and pathways for state-level regulation. This follows the CLARITY Act, creating a comprehensive federal approach to digital assets and blockchain regulation.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.