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Solana Daily @solana_daily on x 140.7K followers
Created: 2025-07-19 06:11:28 UTC
🚨 Trump Signs Stablecoin Law - GENIUS 🇺🇸
GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) establishes the first federal framework for stablecoins, prioritizing user protection, national security, and maintaining USD’s role as the global reserve currency.
🔒 User Protection – XXX% backing with USD or short-term Treasuries – Monthly transparency reports – Bans false “gov-backed” claims – Prioritizes stablecoin holders in bankruptcies
💵 Strengthening USD – Must be backed by US assets – Helps maintain USD’s reserve status – Encourages innovation and regulatory clarity for stablecoins
🛡️ Security & Compliance – Applies Bank Secrecy Act to issuers – Mandates AML & sanctions compliance – Issuers must be able to freeze, claw back, or burn tokens when legally required
XXXXX engagements
Related Topics jupiterexchange binance jitosol sanctumso united states dollar currency usds stablecoins