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.
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Under the GENIUS Act, the SEC retains primary oversight of payment stablecoins.
Easytrue falseBanks have warned that under the GENIUS Act, ______ could migrate to uninsured crypto reserves.
Easymultiple choiceWhich is NOT an aim of the GENIUS Act?
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