Svmuu News: One year ago, U.S. President Donald Trump signed the “Guiding and Establishing National Innovation for U.S. Stablecoins Act,” also known as the GENIUS Act, marking the first time the United States began developing a federal regulatory framework for stablecoins.
The GENIUS Act requires federal regulators to establish governance rules for stablecoins, covering issuer reserves, governance, and operational requirements. The relevant regulations are still being developed by agencies such as the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.
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One Year After the GENIUS Act Took Effect, U.S. Regulators Are Still Developing Rules for Stablecoins
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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