@gilesgus
The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins of 2025) is the first major US crypto law, signed by President Trump on July 18, 2025. It regulates payment stablecoins by requiring 1:1 reserves in low-risk assets like USD or Treasuries, limiting issuers to approved banks/credit unions/nonbanks, enforcing Bank Secrecy Act AML compliance, and enabling asset freezes for sanctions. This fosters innovation while enhancing security.
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