The landmark legislation establishes clear federal guidelines for stablecoin issuance, setting strict compliance standards for banks and authorized issuers. Bessent […]
The post New Stablecoin Law Brings Digital Dollar Closer to Reality appeared first on Coindoo.
The landmark legislation establishes clear federal guidelines for stablecoin issuance, setting strict compliance standards for banks and authorized issuers.
Bessent described the move as a pivotal step toward modernizing the financial system, stating that blockchain will power the “next generation of payments.”
Trump celebrated the bill during a White House signing event, calling it “one of the most transformative financial laws since the internet era.”
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He said the GENIUS Act would unleash the full potential of dollar-backed stablecoins while preserving the dollar’s role as the world’s reserve currency.
By aligning regulation with innovation, the U.S. aims to remain at the forefront of digital finance, bringing blockchain and the dollar closer than ever.
The post New Stablecoin Law Brings Digital Dollar Closer to Reality appeared first on Coindoo.
Source: https://coindoo.com/new-stablecoin-law-brings-digital-dollar-closer-to-reality/
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