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Trump Pushes for Stablecoin Regulation with GENIUS Act

Wednesday, Jul 16, 2025 7:25 am ETmin read

Aime Summary

- President Trump introduced the GENIUS Act to regulate stablecoins, requiring them to maintain 100% USD reserves and transparent audits.

- The legislation mandates stablecoin issuers to register with federal regulators and disclose reserve holdings publicly.

- Critics argue the bill could curb innovation while supporters claim it protects consumers from crypto market volatility risks.

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