Current Affairs - International - Discussion

The GENIUS Act was signed by US President Donald Trump to establish the first federal regulatory framework specifically for stablecoins pegged to the US dollar. Stablecoins are digital currencies designed to hold a steady value by linking them to traditional fiat currencies like the USD. The GENIUS Act brings such digital assets under federal regulation in the United States, requiring compliance with auditing and supervision standards set by US law. This move positions the United States as a pioneer in the formal regulation of blockchain-based stablecoins.