The GENIUS Stablecoin Act: A Landmark Move in U.S. Crypto Regulation
The GENIUS Stablecoin Act: A Deep Dive
As a blockchain analyst with half a decade in DeFi and NFTs, I’ve seen my fair share of regulatory proposals. But the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) is different—it’s the first federal bill to tackle stablecoins head-on. Passed by the Senate on May 20, 2025, with a 66-32 vote, this legislation could reshape the crypto landscape.
Key Provisions of the GENIUS Act
1:1 Asset Backing & Redemption Rights
The bill mandates that all stablecoins must be backed by high-quality, low-risk assets like cash, short-term Treasuries, or tokenized equivalents. Holders can redeem their tokens for dollars at any time—no funny business allowed. (Though I suspect some issuers will need more than a magic wand to comply.)
Compliance: No Room for Error
Monthly audits? Check. CEO sign-offs? Check. Anti-money laundering protocols? Double-check. The GENIUS Act leaves no stone unturned. Oh, and forget about earning interest—those “yield-bearing” stablecoins are now officially off the menu.
Global Implications
Non-U.S. issuers have 18 months to fall in line or face exclusion from American markets. Given that dollar-pegged stablecoins dominate 99% of the sector, this could cement USD’s reign—or spark a regulatory arms race.
Why This Matters
- Dollar Dominance: With $2 trillion in projected stablecoin demand by 2028 (per Standard Chartered), Uncle Sam might just solve his debt ceiling woes.
- Political Drama: Some Democrats worry this could inadvertently benefit certain orange-hued businessmen. I’ll let you connect those dots.
Love it or hate it, the GENIUS Act is here to stay—or at least until the next Senate flip-flop.
ChainSleuth
Hot comment (12)
เมื่อสหรัฐเอาจริงกับ Stablecoin
กฎหมาย GENIUS Act นี่เหมือนครูใหญ่จับได้ว่าเด็กเล่นพนันในโรงเรียนเลยครับ! บอกเลยว่าถ้าโคตรคอยน์ของคุณไม่มีเงินสดหรือพันธบัตรสหรัฐหนุนหลัง…เตรียมตัวโดนยึดเหรียญได้เลย
ความจริงที่เจ็บปวด: ตอนนี้ USDT อาจต้องเปลี่ยนชื่อเป็น USD-T(rouble) เพราะกฎหมายใหม่นี่ตรวจสอบเข้มกว่าตรวจบ้านนักเรียนม.ปลายก่อนไปเข้าค่ายอีก
สุดท้ายนี้…ใครที่คิดจะสร้าง Stablecoin แบบ “ให้ดอกเบี้ย” ต้องลบความคิดนั้นทิ้งไปเลยนะครับ เว้นแต่คุณจะอยากให้ SEC มานั่งเป็นเพื่อนข้างเตียงเวลาคุณนอนหลับ!
#คริปโตต้องรู้จักกฎหมาย #GENIUSActมาแล้ว
GENIUS Act: Ang Bagong ‘Stable’ sa Mundo ng Crypto!
Grabe, parang burger lang ‘to—may 1:1 backing dapat! No more ‘magic tricks’ sa stablecoins, kailangan legit na cash or Treasuries. Kung hindi, baka ma-‘audit’ ka nang monthly! 😂
CEO Sign-Off? Oops, Bawal Na ang Easy Money! Walang palya-tira dito, mga bossing. Dapat sigurado lahat, kahit interest sa stablecoins—off the menu na! Parang diet plan na walang cheat day.
Global Impact: USD pa rin ang Hari! 18 months lang para sumunod ang lahat, o goodbye US market. Mukhang mas strict pa ‘to kesa sa curfew nung pandemic! Ano sa tingin nyo, kayang-kaya ba? Comment nyo na! 🚀
Крипто-раздевалка по-американски
GENIUS Act пришёл не просто регулировать, а буквально раздеть stablecoins догола: ни тебе «волшебных» активов, ни процентчиков на стороне. Теперь каждый стейблкоин должен иметь реальное обеспечение — никаких фокусов с воздухом!
Аудит? Пожалуйста!
Ежемесячные проверки, подписи CEO и AML-протоколы — всё как в лучших традициях бюрократического цирка. Если раньше stablecoins были «тихим омутом», то теперь это прозрачный аквариум с подводными камнями.
Что дальше?
18 месяцев на адаптацию для иностранных эмитентов — или прощай, американский рынок. Доллар укрепляет позиции, а криптомир затаил дыхание.
Как вам такой «генеральный уборщик» от регуляторов? Пишите в комментах!
کرپٹو کی دنیا میں زبردست دھماکہ!
امریکی سینیٹ نے GENIUS ایکٹ پاس کر کے stablecoins کو ‘ہاں جی بالکل ہم بھی سنجیدہ ہیں’ والا موڈ دے دیا ہے۔
1:1 والا جادو: اب ہر stablecoin کے پیچھے اصل ڈالر ہونے چاہئیں - یعنی آپ کا Tether اب صرف پرنٹنگ پریس کے خواب نہیں دیکھے گا!
کامیک ریلیف: مہینے کے آڈٹ؟ سی ای او کی دستخطی؟ یار یہ تو شادی سے پہلے的背景 چیکنگ سے بھی زیادہ سخت ہے!
ابھی تک سوچ رہے ہو؟ بتاؤ تمہارے خیال میں یہ ڈالر کی حکمرانی کو مزید مضبوط بنائے گا یا DeFi والوں کو نیا راستہ تلاش کرنے پر مجبور کرے گا؟ 😏
GENIUS Act: Ang Bagong Rules ng Stablecoin!
Grabe, parang nanonood ako ng magic show! Yung GENIUS Act, akala mo madali lang sumunod sa 1:1 backing rule. Pero ang totoo, kailangan mo talaga ng “tunay na pera” - hindi yung puro kwento lang!
Monthly Audit? Goodbye Tulog! Monthly audit + CEO sign-off? Para kang nag-aaral para sa finals araw-araw! At wag na wag kang mag-eexpect ng interest - bawal na ang “easy money” dito!
Global Impact: Take Note! 18 months para sumunod lahat? Mukhang maraming magsisisi sa mga nakaraang kalokohan nila. USD pa rin ang hari - game over na ba ang ibang stablecoins?
Ano sa tingin nyo, makakasurvive ba kayo sa bagong rules na ‘to? Comment kayo!
¡Por fin! El GENIUS Act llega para poner orden en el caos de las stablecoins. ¿1:1 respaldo? Sí, como el pan con tomate: simple pero efectivo.
Auditorías mensuales y CEO firmando papeles… ¡Qué emocionante! Ahora los tipos de las cripto tendrán que ser tan transparentes como el cristal de una ventana.
Y lo mejor: nada de intereses en stablecoins. Adiós a esos ‘yield-bearing’ que solo traían dolor de cabeza.
¿Crees que esto consolidará el dominio del dólar o será el inicio de una guerra regulatoria? ¡Comenta y dinos tu teoría conspiranoica favorita!
کریپٹو کی دنیا میں طوفان!
GENIUS ایکٹ نے کریپٹو مارکیٹ کو ہلا کر رکھ دیا ہے۔ اب stablecoins کو 1:1 اثاثوں سے بیک کرنا ہوگا - جیسے کوئی جادو کی چھڑی سے کام لے رہا ہو!
مزیدار شرائط:
- مہینے کے مہینے آڈٹ؟ ہاں جی!
- CEO کے دستخط؟ ضروری!
- سود والے stablecoins؟ اب نہیں چلے گا!
کیا آپ کو لگتا ہے یہ قانون واقعی ‘جنئس’ ہے؟ ذرا بتائیں!
GENIUS Act มาแล้ว!
เป็นกฎหมายคริปโตตัวแรกของสหรัฐที่มาจัดการกับสเตเบิลคอยน์แบบเต็มรูปแบบ ข้อกำหนดเข้มงวดสุดๆ - ต้องสำรองทรัพย์สิน 1:1 (ไม่มีเวทมนตร์ช่วยนะ!) และห้ามให้ดอกเบี้ย (บอกลา yield-bearing สเตเบิลคอยน์ได้เลย)
ตลกแต่จริง
บางบริษัทอาจต้องใช้มากกว่า”ไม้กายสิทธิ์”เพื่อให้ผ่านกฎหมายนี้ 🤣 และที่ฮามากคือ Democrats บางคนกังวลว่ากฎหมายนี้อาจช่วย”อดีตประธานาธิบดีสีส้ม”โดยไม่ตั้งใจ!
คิดยังไงกับกฎหมายนี้? คอมเมนต์ด้านล่างได้เลย! #คริปโต #GENIUSAct
Finally, Some Rules for the Wild West of Crypto!
The GENIUS Act is here, and it’s about time someone put some guardrails on this crypto rollercoaster. Mandating 1:1 backing? Monthly audits? No more ‘yield-bearing’ shenanigans? Sounds like someone finally took the ‘stable’ in stablecoins seriously.
Compliance or Bust
CEOs signing off on audits like it’s their divorce papers. Non-U.S. issuers have 18 months to comply or get shown the door. Guess we’ll see who’s been playing with Monopoly money all along.
Dollar Dominance Drama
With $2 trillion in projected demand, Uncle Sam might just fund his next coffee run with stablecoins. And let’s not even start on the political subplot—some dots are better left unconnected.
Thoughts? Or are you too busy redeeming your tokens?
क्रिप्टो की दुनिया में नया शासन!
GENIUS Act आ गया है और अब स्टेबलकॉइन वालों को सीधे रास्ते पर चलना होगा। 1:1 बैकिंग का मतलब - अब नहीं चलेगा ‘हवा में महल बनाने’ वाला खेल!
सेठजी का नया नियम:
- हर महीने ऑडिट? हां!
- CEO की गारंटी? हां!
- यील्ड वाले सपने? नहीं!
अमेरिका तो तैयार है, पर क्या बाकी देश इस ‘स्टेबल’ खेल के लिए तैयार हैं? कमेंट्स में बताओ - ये नियम क्रिप्टो को ‘स्टेबल’ कर पाएंगे या फिर…? 😏
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