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Reading: Why is the GENIUS law important for crypto currency investors
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EdaFace Newsfeed > Latest News > Regulations, Law & Policy > Why is the GENIUS law important for crypto currency investors
Regulations, Law & Policy

Why is the GENIUS law important for crypto currency investors

vitalclick
Last updated: February 10, 2025 9:43 pm
3 months ago
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Crypto currency For years, US -based regulatory printing innovation has greatly undermined for investors. Although this situation begins to change with Trump’s coming to office, the fact that the magic wand regulations, which are not in the hands of anyone, will gradually occur over time. In this respect, Genıus is very important.

USA and web3US Crypto Monetary Law

USA and web3

The US has been the place where many innovations were born in the field of technology, and its strength is largely dependent on it. The center of innovation has enabled the Internet to reach its current power of 2.0 ages. The world’s largest phone brand is there, social media giants there and infrastructure providers there.

But the subject Web3 In other words, when the Internet was the ongoing transformation of the Internet, the USA is largely behind. In 2023, the European Union agreed to regulate a comprehensive crypto currency. Regulations extensively in many respects came into play. China has been trying to strengthen its own digital local currency against the US dollar for years. UAE is on its way to becoming the world’s web3 center with great incentives. The USA was only watching all of this during Biden. Despite this, Ripple $2.4The US innovation, which gives birth to many giants like Solana, has to create the necessary environment for the period in which they grow rapidly.



US Crypto Monetary Law

Senators Bill Hagerty, Cynthia Lummis and Tim Scott announced the National Innovation of the National Innovation (Genius), which also concerns stablecoins, which they hoped for the support of two parties. This law, which aims to protect consumers by strict reserve requirements of stabilcoin exporters, puts the tokens connected to the most important building blocks of the web3 on the legal ground.

USA crypto currency One of the first and most important steps to support innovation in the field is the legal framework of stablecoins. This is also very important as it will strengthen the global role of the dollar. The draft is extremely risky and Luna -ust It prohibits the export of algorithmic stablecoins that we experience in the incident.

In order to address their use for illegal purposes, it makes it necessary for approved stabilcoin exporters to comply with the rules of US money laundering and sanction rules. This also revolves around the stablecoins Fudis an important turning point that will eliminate.

Finally, the bill also reveals protective mechanisms and procedures for investors if a stablecoin exporter goes bankrupt. In the general framework, the draft, which is likely to receive the support of the two parties, will eliminate the uncertainties about stablecoins at an early stage.



Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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