Picture of the author

Sindhu

06/18 11:26

GENIUS Act Passage Solidifies XRP Status: Here’s H

GENIUS Act Passage Solidifies XRP Status: Here’s How885894726-76.png

A notable crypto commentator suggests that the GENIUS Act could attract more institutional clients to RLUSD while cementing XRP status as a regulated utility token. 

This suggestion came from the community voice “SMQKE” on X following the U.S. Senate’s passing of the GENIUS Act. As previously reported, while 68 Senators voted in favor of the bill, 30 others were against it. Yet, the bill received bipartisan support and establishes clear rules for stablecoins in the United States. 

Notably, the regulation requires stablecoin issuers to comply with rules that ensure investor protection and prevent money laundering. Specifically, the GENIUS Act mandates transparent reserve holdings and requires issuers to conduct regular audits. 

#Federal Reserve FOMC meeting#Miss HTX Season 3 Kicks Off With Global Selection#Join HTX On A Fitness Journey To Mars#Do you think FB is promising?#Share BTC or ETH Futures Trades
ThíchChia sẻ

Tất cả bình luận0Mới nhấtPhổ biến

avatar
Mới nhấtPhổ biến