I think the most important thing about the GENIUS act is that:
This only really affects banks ability to transact / custody stablecoins. This has no effect on P2P individuals or businesses using stablecoins.
Effectively its just a law focused on regulated banking market that sets requirements for stablecoin issues must meet in order to be used within the regulated banking system.
I think the most important thing about the GENIUS act is that:
This only really affects banks ability to transact / custody stablecoins. This has no effect on P2P individuals or businesses using stablecoins.
Effectively its just a law focused on regulated banking market that sets requirements for stablecoin issues must meet in order to be used within the regulated banking system.
Its effectively a nothingburger for individuals