Today the U.S. just took its biggest step yet toward regulating crypto The GENIUS Act is now law and it is focused on stablecoins This will completely reshape how $USDC, $USDT, and every other dollar-backed token operates in the U.S. Here is what’s changing: Only licensed banks, credit unions, or government-approved fintechs can issue payment stablecoins That means no more “launch a stablecoin from your basement” era Stablecoins must be fully backed 1:1 with cash, Fed balances, or short-term treasuries Plus: - Monthly audits - Strict KYC/AML - Freeze capability - No FDIC mislabeling - Priority payouts to users in bankruptcy This gives U.S. based players like Circle a huge compliance advantage Meanwhile, offshore giants like $USDT may face more pressure or even blocks if they don’t play by the rule It also paves the way for JPMorgan, PayPal, and even Apple or Google to launch regulated digital dollars Stablecoins are no longer just crypto, they are infrastructure $150b+ is circulating. $USDT does more volume than Visa some days The U.S. wants control This is good for trust and adoption but bad for startups, DeFi, and decentralisation Welcome to new era of crypto