{"content":"#GENIUSAct The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act has recently been signed into law by President Donald Trump on Friday, July 18, 2025. This marks a significant milestone as it's the first major federal law in the United States specifically regulating digital currency, particularly stablecoins. Here's a summary of the latest updates and what the GENIUS Act entails: * Signed into Law: President Trump officially signed the GENIUS Act on July 18, 2025, after it received bipartisan support, passing both the House (308-122) and the Senate (68-30). * Regulatory Framework for Stablecoins: The primary purpose of the GENIUS Act is to establish a clear federal regulatory framework for payment stablecoins, which are cryptocurrencies tied to traditional assets like the US dollar to reduce price volatility. * Key Requirements for Issuers: The law introduces robust requirements for stablecoin issuers, including: * 1:1 Reserve Backing: Issuers must maintain reserves on a 1:1 basis with outstanding stablecoins, held in highly liquid assets such as U.S. dollars or short-term Treasuries.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/19/2552c2deaaf7449783c88d7d5c0e7d55.jpg"],"tags":[],"tradingPairs":[],"quotearticleid":0}