Original sourcecryptoslate.comAdditional: ccn.com
Summary
The US GENIUS Act has been officially enacted, starting a one-year countdown to rulemaking on July 18. Regulators must finalize frameworks for stablecoin reserve assets, monthly independent audits, issuance licenses, anti-money laundering plans, and redemption standards within the deadline. The reg…
Key points
- Understand how the final mile of stablecoin regulation will redefine market access and cost structures, impacting all crypto users and developers.
- The GENIUS regulation will determine which stablecoins can survive in the US market and profoundly affect the global stablecoin ecosystem.
- Issuers must immediately assess compliance costs and distribution strategies; payment and DeFi developers need to plan ahead for corresponding stablecoin support and compliance measures.
Editorial note
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