President Donald Trump on Friday signed the GENIUS Act, the United States’ first federal law dedicated to regulating dollar-pegged cryptocurrencies known as stablecoins. The measure establishes a licensing regime for issuers and gives federal agencies clear oversight powers, marking the digital-asset industry’s most significant legislative win to date.
Passed in the House by 308 to 122, the law requires stablecoins to be fully backed by liquid assets such as cash or short-term Treasury bills and mandates monthly public disclosure of those reserves. The rules aim to assure consumers that tokens maintain their one-to-one dollar peg and to curb the kind of opaque practices that have rattled crypto markets in recent years.
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