crypto

🇺🇸 Stablecoins are finally close to regulation in the U.S.!

Right now, crypto regulation is still blurry in Uncle Sam’s country, but the GENIUSAct just passed the Senate (68 votes in favour & 30 against) and could bring clear nationwide rules for stablecoins.

What would this bill imply?
💰 Require stablecoins to be fully backed 1:1 with “safe” assets (such as cash or U.S. Treasuries)
🏦 Allow banks and fintech companies to issue stablecoins (if licensed)￼
⚖️ Set clear rules for audits, transparency, and AML compliance

Trump is pushing hard for the bill, but raises some conflict-of-interest concerns at the same time.

In any case, if the GENIUS Act passes, this could legitimize stablecoins in the U.S. and unlock a new wave of innovation across finance and crypto.

Is this the regulation crypto needs in the U.S.?

Read more 👇

🇺🇸 Stablecoins are finally close to regulation in the U.S.!

Right now, crypto regulation is still blurry in Uncle Sam’s country, but the GENIUSAct just passed the Senate (68 votes in favour & 30 against) and could bring clear nationwide rules for stablecoins.

What would this bill imply?
💰 Require stablecoins to be fully backed 1:1 with “safe” assets (such as cash or U.S. Treasuries)
🏦 Allow banks and fintech companies to issue stablecoins (if licensed)￼
⚖️ Set clear rules for audits, transparency, and AML compliance

Trump is pushing hard for the bill, but raises some conflict-of-interest concerns at the same time.

In any case, if the GENIUS Act passes, this could legitimize stablecoins in the U.S. and unlock a new wave of innovation across finance and crypto.

Is this the regulation crypto needs in the U.S.?

Read more 👇
https://venga.com/en/blog/the-genius-act-is-on-its-way/