GENIUS Act Crypto Safety: Does the Law Make Crypto Investing Safer?
In this video, FinStream TV’s Bob Powell dives into the GENIUS Act, a landmark US law regulating payment stablecoins. This Act establishes a comprehensive framework for digital assets designed for payment, enhancing financial stability and consumer protection.
Key provisions include:
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Strict reserve requirements (mandating at least 1-to-1 backing with assets like United States coins, currency, or Treasury bills)
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Mandatory public disclosure of reserve composition
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Robust Anti-Money Laundering (AML) and sanctions compliance for permitted issuers
Learn how the Act:
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Provides insolvency protections for stablecoin holders
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Clarifies that payment stablecoins from permitted issuers are not considered securities or commodities
Understand the future of US stablecoins and what it means for digital finance.