It imposes strict reserve requirements, AML/KYC, gives the Treasury the power to freeze suspicious transactions, and divides oversight between states and federal agencies depending on the size of the issuer.
One source so far
Donald Trump signs GENIUS law regulating stablecoins in the US
№ 0857Published Updated 1 min read
Related stories
Regulation
Block Discloses Proposed $764M DOJ Payment in Anti-Money
🚫 TL;DR: Block, the payments company behind Cash App and Square, says it reached an agreement in principle with the US Department of Justice over an anti-money-laundering programme allegation. Its November 3 filing outlines approximately…
Read →Regulation
MicroStrategy and Strive Buy 1,065 Bitcoin: Can Saylor Keep Adding Below Cost?
💼 MicroStrategy, Michael Saylor’s company now called Strategy, bought 1,036 Bitcoin (BTC) last week, lifting its stack to 850,364 coins. Strive added 29 more, even as BTC slipped below Strategy’s $75,456 average cost.
Read →Regulation
Coinbase received a full federal trust license in the United States
Coinbase received full federal trust license in the United States. The Federal Banking Regulator OCC has granted the company permission to provide services for storing digital assets and making payments under federal supervision. This lice…
Read →Regulation
The European Union has formed a specialized working group to counter the circumvention of anti-Russian sanctions through the use of cryptocurrencies
For 12 months, the organization will monitor suspicious transactions, giving priority to Russian cryptographic networks, in particular the A7 network and the associated A7A5 token.
Read →