Suche
Mein Konto
Trump signs GENIUS Act: Federal supervision for stablecoins with 1:1 reserves introduced”
Overview of the GENIUS Act: Federal Oversight for Stablecoins The GENIUS Act was recently signed by President Trump and represents an important step in the regulation of stablecoins. This law establishes federal oversight to ensure that stablecoins have 1:1 reserve coverage. Stablecoins are cryptocurrencies that are usually linked to a stable...
Trump signs GENIUS Act: Federal supervision for stablecoins with 1:1 reserves introduced”
Overview of the GENIUS Act: Federal Oversight for Stablecoins
The GENIUS Act was recently signed by President Trump and represents an important step in the regulation of stablecoins. This law introduces federal oversight to ensure that stablecoins have 1:1 reserve coverage.
Stablecoins are cryptocurrencies that are usually pegged to a stable currency, such as the US dollar. These assets aim to minimize the volatility often associated with other cryptocurrencies. However, to ensure user and investor confidence, it is crucial that stablecoins are backed by actual reserves. The GENIUS Act now establishes these requirements and requires stablecoin issuers to be able to provide 1:1 reserves in fiat currency or equivalent assets at any time.
The introduction of this law could have a significant impact on the digital currency market and the entire financial landscape. The regulatory framework could help increase trust in stablecoins, which in turn could lead to wider adoption and use.
Overall, the GENIUS Act brings important changes that not only promote the stability of stablecoins, but also help create a safer environment for investors and users in the digital currency space.