The GENIUS Act just turned stablecoins into a regulated asset class, and barely anyone in crypto is paying attention. If you care about $USDC, $USDT, or building in DeFi, this law changes everything. Here's what just became law in the U.S: - Only banks and approved institutions can issue stablecoins - Reserves must be 1:1 backed by cash, Treasuries, or Fed balances - Audits are mandatory - AML/KYC is non-negotiable - Reserves must sit with FDIC or OCC-approved custodians - Foreign stablecoins can be blocked by the Treasury - Non-compliance = $1M+ fines and possible jail time This isn't just about making things safe. It's about control too. TradFi and Big Tech now have a green light to step in, while smaller, rogue players are excluded. This is the US claiming digital dollar dominance. Innovation will continue, but within strict lanes. The global pressure is on. Other countries may follow. By the way, this is very bullish for smart-contract platforms such as Ethereum, as it will increase the usage of the blockchain by a lot. The demand for ETH will also increase, pushing the price much higher.