The GENIUS Act establishes a regulatory framework in the U.S. That mandates stablecoins must be backed 1:1 by cash or U.S. Treasuries, halting risky practices.
Major stablecoin issuers like Tether and USD Coin must adapt to new rules while the future for decentralized models like Dai remains uncertain.
The Act defines payment stablecoins as neither securities nor commodities, shifting regulatory duties away from the SEC and the CFTC.
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