In a statement made by the US Treasury Ministry, the country will integrate the dollar into blockyr technology with a new legal regulation. Within the scope of the “Guiding and Establishing National Innovation for US Stablecoins (Genius) Law signed by US President Donald Trump, a comprehensive regulatory framework for Blokzincir -based digital assets.
Content of the legal regulation
Together with the law, strict audits and procedures are introduced for banks and authorized exporters in the market in the market. The aim is to ensure that these assets are managed safely and transparently. The new regulation gives only the authority to produce dollar -supported digital assets to organizations that only licensed and meet certain criteria.
Treasury Minister Scott Bessent, Social Media Platform X in his share, the US dollar will now be on the Blokzincir, he added. Besent stressed that with the leadership of President Trump, this legal arrangement took place and the global reserve money status of the US dollar will be reinforced.
Scott BESSENT: “Bloczincir technologies will direct new generation payments and are moving on the US Dollar Blokzincir. Thanks to President Trump’s visionary leadership and senator Hagerty’s work, the GENIUS law will strengthen its status as the global reserve currency of the US dollar.”
Future Effects and Explanations
US President Donald Trump, who made a statement to the press, said that with the adoption of the relevant law, the US has made a significant stage in financial technology. Trump said that the new law creates an open and simple regulatory environment for dollar -backed fixed digital assets, and that it could be the greatest revolution in financial technology since the birth of the Internet.
Donald Trump: “The GENIUS Act provides an open and simple regulatory framework that will reveal the enormous potential of dollar -supported fixed digital assets. This may be the greatest revolution in financial technology since the release of the Internet.”
Due to the scope of the regulation; Bloczincir -based digital dollar use may become widespread, and the US financial system can enter a new era on the way to digitalization. In addition, the law has the potential to pave the way for innovative practices in payment services, international transfers and bank transactions.
Experts make assessments that the new law will bring important standards in the digital asset market in terms of security and transparency. It is stated that this can enable investors and institutions to use digital assets more controlled. In addition, the US leadership for advanced technologies, is interpreted that it may be an example for other countries.
With the adoption of the law, it is estimated that financial institutions and technology companies operating in the United States may adapt to digital dollar applications more quickly. However, how to follow the path in practice and which standards will be effective is considered a process that will be closely monitored by all stakeholders.
With this legal regulation, which is thought to lead the future of the world of digital existence, it is considered possible to strengthen the US position in international financial competition. In the coming period, the implementation dimensions of the regulations on the financial system continue to be a subject of curiosity.
With the new legal regulation adopted in the USA, the dollar was moved to the blocky environment, while security, transparency and regulatory standards were brought to the forefront in this process. The spread of dollar -supported digital assets raises important questions about the future of financial technology. With this step, while led to innovation in the financial system, the view that similar arrangements can be discussed in different countries is shared. The consequences of the regulation for investors, entrepreneurs and the financial world can be revealed more clearly in the following months.
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.
