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![philarekt Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1924236185762988032.png) philarekt [@philarekt](/creator/twitter/philarekt) on x 2327 followers
Created: 2025-07-18 15:43:49 UTC

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✦ First up - the Genius Act

✦ Legalizes USD stablecoins with 1:1 backing and mandatory audits

✦ Brings stables under federal law - and greenlights private companies to issue their own

✦ Opens the floodgates for players like J.P. Morgan, PayPal, even Walmart to drop their own tokens

![](https://pbs.twimg.com/media/GwJoxgeWEAAHcfq.png)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946234460380258493/c:line.svg)

**Related Topics**
[stablecoins](/topic/stablecoins)
[united states dollar](/topic/united-states-dollar)
[jpmorgan chase](/topic/jpmorgan-chase)
[stocks financial services](/topic/stocks-financial-services)
[stocks banks](/topic/stocks-banks)
[$pypl](/topic/$pypl)
[$wmt](/topic/$wmt)
[stocks consumer defensive](/topic/stocks-consumer-defensive)

[Post Link](https://x.com/philarekt/status/1946234460380258493)