Back to Congress passes GENIUS Act creating first federal stablecoin framework
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Issuers are required to publicly disclose their reserve compositions on a monthly basis under the GENIUS Act.
Explanation
To boost transparency and consumer confidence, the Act mandates monthly public disclosures of stablecoin reserve compositions.
Related Questions
The GENIUS Act requires stablecoin issuers to publicly disclose their reserve holdings.
Easytrue falseWhat is one potential risk traditional banks highlight regarding the implementation of the GENIUS Act?
Easyshort answerUnder the GENIUS Act, the SEC retains primary oversight of payment stablecoins.
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