🧵1/5: What is the GENIUS Act?
The GENIUS Act just became U.S. law, and it's a game-changer for stablecoins. It creates clear rules for issuing, backing, and regulating payment stablecoins like USDT, USDC, or PYUSD.
For the first time, the U.S. says: “We support crypto, of course with conditions with conditions.” It's a start!
@AltcoinDaily