The law addressed reserve assets, redemption, disclosures, supervision, and the relationship between federal and state issuer regimes. It did not regulate Bitcoin as a stablecoin, but it materially changed the dollar-token infrastructure widely used in Bitcoin markets.
All events
United States enacts the GENIUS Act
The GENIUS Act became federal law, creating a regulatory framework for permitted payment stablecoin issuers.
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IN THE SHOWThe Long Arm of the Law