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#GENIUSAct #Announcing the GENIUS Act – A New Era in Digital Assets
Today we proudly recognise the landmark enactment of the GENIUS Act — a historic legislative milestone that sets the stage for the United States to lead the innovation, regulation and adoption of stablecoins and digital asset payments.
✅ Key Highlights
Establishes for the first time a comprehensive federal – and state-coordinated – framework for payment stablecoins.
Requires full backing of stablecoins with U.S. dollars or high-quality liquid assets (e.g., U.S. Treasuries), and mandates public disclosure of the reserve composition.
Creates a new class of entities — “permitted payment stablecoin issuers” — who may issue stablecoins under rigorous supervision, anti-money-laundering rules, and consumer protections.
$XRP $PEPE $GNO
Today we proudly recognise the landmark enactment of the GENIUS Act — a historic legislative milestone that sets the stage for the United States to lead the innovation, regulation and adoption of stablecoins and digital asset payments.
✅ Key Highlights
Establishes for the first time a comprehensive federal – and state-coordinated – framework for payment stablecoins.
Requires full backing of stablecoins with U.S. dollars or high-quality liquid assets (e.g., U.S. Treasuries), and mandates public disclosure of the reserve composition.
Creates a new class of entities — “permitted payment stablecoin issuers” — who may issue stablecoins under rigorous supervision, anti-money-laundering rules, and consumer protections.
$XRP $PEPE $GNO
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