I would like to share an overv-To The Moon - Tiger Brokers Online Investing Community - To The Moon

I would like to share an overview of Trump Genius Act . :-- The GENIUS Act, or Guiding and Establishing National Innovation for U.S. Stablecoins Act, is a federal law signed by President Donald Trump on July 18, 2025. It aims to regulate stablecoins by :-

- *Protecting Consumers*: Requiring stablecoin issuers to maintain 1-to-1 backing with high-quality assets like U.S. dollars or short-term Treasuries, and providing transparency through monthly disclosures.

- *Preventing Illicit Activities*: Subjecting issuers to the Bank Secrecy Act, requiring anti-money laundering (AML) and sanctions compliance programs.

- *Promoting U.S. Dollar Dominance*: Mandating reserves to be held in U.S. dollars or short-term Treasuries, potentially increasing demand for U.S. debt.

- *Regulating Issuers*: Limiting issuance to approved bank subsidiaries, federally approved nonbanks, or state-chartered entities.

The Act also

- *Prohibits Interest Payments*: Stablecoin issuers cannot offer yields or interest on stablecoins.

- *Restricts Large Tech Firms*: Prohibiting large technology companies from issuing payment stablecoins.

- *Enhances Oversight*: Requiring annual audits for larger stablecoin issuers and technical capabilities to freeze and seize assets under lawful orders.

Let's exchange your perspectives.

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It aims to regulate stablecoins by :- - *Protecting Consumers*: Requiring stablecoin issuers to maintain 1-to-1 backing with high-quality assets like U.S. dollars or short-term Treasuries, and providing transparency through monthly disclosures. - *Preventing Illicit Activities*: Subjecting issuers to the Bank Secrecy Act, requiring anti-money laundering (AML) and sanctions compliance programs. - *Promoting U.S. Dollar Dominance*: Mandating reserves to be held in U.S. dollars or short-term Treasuries, potentially increasing demand for U.S. debt. - *Regulating Issuers*: Limiting issuance to approved bank subsidiaries, federally approved nonbanks, or state-chartered entities. The Act also - *Prohibits Interest Payments*: Stablecoin issuers cannot offer yields or interest on stablecoins. - *Restricts Large Tech Firms*: Prohibiting large technology companies from issuing payment stablecoins. - *Enhances Oversight*: Requiring annual audits for larger stablecoin issuers and technical capabilities to freeze and seize assets under lawful orders. 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