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GENIUS Act Signed: 7 Key Facts Revealed
Signed into law on July 18, 2025, the GENIUS Act regulates stablecoins, marking a major step for U.S. crypto policy.
A Historic Crypto Milestone
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Stablecoins are cryptocurrencies pegged to assets like the U.S. dollar, designed for stable value and fast transactions.
What Are Stablecoins?
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The Act sets rules for stablecoin issuers, requiring 1:1 reserve backing with low-risk assets like U.S. dollars or Treasuries.
Regulatory Framework Established
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Only approved issuers, like bank subsidiaries or nonbanks under $10B, can issue stablecoins, regulated by federal or state authorities.
Who Can Issue Stablecoins?
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The Act ensures consumer rights in bankruptcy, monthly reserve disclosures, and anti-money laundering compliance for issuers.
Consumer Protections Added
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By requiring reserves in U.S. assets, the GENIUS Act strengthens the dollar’s role as the global reserve currency.
Boosting U.S. Dollar Dominance
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Passed with a 68-30 Senate vote and 308-122 House vote, the Act gained support from both Republicans and Democrats.
Bipartisan Support Secured
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President Trump hailed the Act as a step to make the U.S. the “crypto capital,” aligning with his pro-crypto agenda.
Trump’s Crypto Vision
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Some worry the Act’s light regulations and Trump’s crypto ties may pose risks to consumers and financial stability.
Critics Raise Concerns
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The Act is a first step; the CLARITY Act and other bills may further shape the U.S. crypto market by September 2025.
What’s Next for Crypto?
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