Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
U.S. Treasury Secretary Scott Bessent said the GENIUS Act marks a turning point in U.S. financial history and further strengthens the country’s position as the world’s crypto capital.
In a social media post, Bessent said that just as President Abraham Lincoln’s 1863 National Currency Act established a national framework for bank-issued currency, the GENIUS Act establishes a federal framework for payment stablecoins in the digital era. He added that the U.S. Office of the Comptroller of the Currency’s final rule advances the legislation and provides a clear, practical foundation for private-sector innovation, competition, and U.S. leadership in digital assets.
The GENIUS Act is the first federal law enacted in the United States to establish a legal framework for payment stablecoins. It requires issuers to register and mandates 100% asset backing with highly liquid assets such as cash or U.S. Treasuries.