#PI The United States has just passed the stablecoin "GENIUS Act"

The following requirements are set for stablecoin issuers:

1. Reserve requirements: Issuers must hold reserve assets (such as USD, short-term government bonds, etc.) at a ratio of 1:1.

2. Disclosure and Audit: The composition of reserves must be disclosed monthly and reviewed by a registered accounting firm. The CEO and CFO must certify the accuracy of the disclosure to the regulatory authorities.

3. Regulatory Framework: Stablecoin issuers may be supervised by federal or state regulatory agencies, and small issuers (with an issuance volume of less than $10 billion) may choose state regulation.

4. Consumer protection: including anti-money laundering (AML) rules, priority repayment (holders of coins are prioritized for repayment in bankruptcy), etc.

5. Restrictive Clause: Members of Congress or senior executive officials are prohibited from issuing payment stablecoins during their term of office. #PI The stablecoin "GENIUS Act" recently passed in the United States.
The following requirements have been set for stablecoin issuers:

1. Reserve requirements: Issuers must hold reserve assets (such as USD, short-term government bonds, etc.) in a 1:1 ratio.

2. Disclosure and Audit: The composition of reserves must be publicly disclosed monthly and reviewed by a registered accounting firm. The CEO and CFO must certify the accuracy of the disclosure to the regulatory authorities.

3. Regulatory Framework: Stablecoin issuers may be supervised by federal or state regulatory agencies, and small issuers (with an issuance volume of less than $10 billion) may opt for state regulation.

4. Consumer Protection: Includes anti-money laundering (AML) rules, priority repayment (holders of coins are prioritized for repayment in bankruptcy), etc.

5. Restriction Clause: It is prohibited for members of Congress or senior government officials to issue payment stablecoins during their term of office. #Gate最新储备金104.53亿美元创安全新标杆 #GENIUS稳定币法案通过 #美联储6月利率决议