US STABLECOIN LAWS ARE COMING🚨 Congress is about to say "Yes" to Stablecoins What it means for DeFi, crypto, and your favorite stables 🧵👇

1/ What is the Genius Act? GENIUS = Guiding and Establishing National Innovation for U.S. Stablecoins. It proposes a legal framework for payment stablecoins: who can issue them, how they’re backed, how they’re audited and what’s off-limits.

2/ What’s inside the Act? → Full 1:1 reserves in cash or T-bills → No algo stables allowed → No rehypothecation of assets → Monthly public audits → Tiered licensing (State< $10B, Federal> $10B) Basically: clear rules, strict backing, no monkey business.

3/ What if it passes? → Stablecoins finally get U.S. legal clarity → Institutions can enter the market confidently → No more SEC vs CFTC confusion → Crypto-native dollar stables can scale inside the U.S. This unlocks serious liquidity and DeFi growth.

4/ Key updates and amendments: → Stablecoins are *not* securities → Oversight by the Fed for large issuers → Banks can issue stables with clarity → Consumer protections against depegs + runs Clean separation of powers, with clear lanes for innovation.

5/ Where does it stand now? Senate passed motion to proceed (68–30) Next: full Senate vote Then: heads to the House If approved: becomes law with President’s signature This is real. And it’s happening fast.

6/ Final thoughts: The GENIUS Act might be game changer for hte industry. Crypto needs clarity. Stablecoins need legitimacy. Users need safety. If it passes, DeFi grows up, more institutions enter the market and the world gets more regulated dollars onchain.