Genius Act, the very first Stablecoin regulation in the world, will be deployed this month

WhatsApp Channel Join Now
Telegram Channel Join Now

Context for Chatgpt:

The aim of the Act on Officially launched in February 2025 is to set regulations for stablecoins that are based on the dollar, impose strict requirements for transparency, reserves 1: 1 in liquid active components and compliance with standards against flow. Kyc will also be mandatory.

Genius an act is coming quickly

This is one of the main data that will be monitored in May 2025: The US Senate must decide for or against the brilliant law, the first first regulation for stablecoins in the world. Finally, it could happen faster than expected!

After the first approval of the Banking Committee of the Senate last March, new cryptal regulations for the latest verdict are held. The leader in the Senate, John Thune, buzzes this morning by launching the process of accelerating the process.

The goal is clear: giving Turbo minimizing debates and supporting rapid adoption so that the crypto sector can finally throw away.

However, this thing is not entirely on the way, because it will first be necessary to submit an updated version of the project. This should be submitted before mid -May but One thing is for sure: our dear Stablecoins will have to comply with the new law this month.

stable

Exploration

Unlike the panic aroused by the law of the element in Europe, the American crypt sphere awaits an impatient deployment of a brilliant law. The legalization of stablecoins will turn them into a legitimate financial instrument that will allow institutions, businesses and even the general public to accept them on a large scale.

It is even possible that more and more large American companies in the future create their own stable room. And for a good reason: The market seems to be the future with transactions that have reached a record of $ 1,820 billion last month.

Interestingly, dynamics are quite different on the side of cryptocurrency platforms. After stability in March with applications around $ 67 billion, the flows in April only reached 61.5 billion dollars. Nansen explains this with two hypothesis: withdrawal of investors or simple market reorientation.

Morality of History: If progress is by law, stablecoins are a tool of progress.

Notification of irresponsibility

Notice of non -response: In accordance with the TRUST project, Beincrypto undertakes to provide impartial and transparent information. The aim of this article is to provide accurate and relevant information. However, we invite readers to verify their own facts and consult a professional before it decides on the basis of this content.

WhatsApp Channel Join Now
Telegram Channel Join Now

Leave a Reply