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For more than a decade, Cryptocurrency lived in the regulatory gray zone. He is afraid by bankers and loved by Libertarians who mocks by MPs, and it is treated as a side project of the Internet, very strange and very changeable to adjust. That period ended only.
The US House of Representatives officially has a genetic act of the Gene Act, which determines the Federal Rules for Stablecoins, has digital currencies to US dollars. The bill is expected to be adopted by the President Donald Trump, which makes it a major part of the first place in American history.
This is waiting for cryptoches: Real rules, true recognition and true legality.
Stablecoins like USDC and USDT are used to transfer billions of dollars every day. The quiet staff of crypters are used to send money between the borders, trade in cryptos and solve immediate payments without touching a traditional bank.
However, there were no federal laws that they have so far, neither work should be employed or supported or that they need to adjust them. These uncertainty removed banks, the innovation closed and the consumers left.
Genius ACT is changing.
This requires stablecoin issuers to hold single resources in cash or US treasury bills. Applies monthly statements. If an issue is bankrupt, consumers priority. Creates a way for both federal and state-level control. In short, it gives a crypto with a legal foundation that great organizations and the average Americans can finally trust.
This law is not just about Crypto. About the launch of the next period of American finance.
Stablecoins are already strengthening global payments. In the future they can be combined to daily applications – renting can be used to send money to your family or solve work operations in a few seconds.
By the law of Genius, the United States is a claim to lead this future. At a time, this law sends a message to the American: the American will be left behind to start digital currencies of countries like China.
Openses the door of CryptoMalty to leave the special wildest west and move to the financial mainstream. Companies such as PayPal, Visa and Blackrock are already built in the blocksin rails. Now, you can do with a legitimate frame behind.
He was fired for years as a crypto sideshow. Critics called him a toy for a cheater, a bubble or rich technological bros. There was a truth for chaos. However, a new financial infrastructure was established behind the scenes: faster, programmable and radically transparent.
By this new law, this infrastructure receives the first real seal from Washington.
It doesn’t already belong to the price. It’s about the permanence.
The genius movement is just the beginning. More legislation covers digital active securities, smart contract standards and centralized platforms. However, this bill proves that Congress can move. Only this is a great change in the political landscape.
In the next few years, you do not know that you are using crypto. Just how to make money: immediately, digital, reliable. And legal.
Crypto is no longer beating the door. Walks.