Back to Congress passes GENIUS Act creating first federal stablecoin framework
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The GENIUS Act requires stablecoin issuers to publicly disclose their reserve holdings.
Explanation
One of the Act’s consumer safeguards is a mandatory public disclosure of reserve holdings by issuers.
Related Questions
Issuers are required to publicly disclose their reserve compositions on a monthly basis under the GENIUS Act.
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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