It’s time to make Stablecoins great – unless it’s a rope.
It seems that the largest Stablecoin in the world, with a $ 120 billion market ceiling, can be left suspended after the US Senate moved to introduce the Genus Stablecoin bill.
The draft law focuses heavily on improving protection for American consumers, and our stadium for Stablecoin from the United States such as Ripple (Stablecoin: $ RLUSD) and Circle (Stablecoin: $ USDC).
But Tether is currently in El Salvador. So what does the bill mean for USDT-BTC $ and other Tether that Cryptos use to support the leading Stablecoin in this field?
It is time to excavate the details of the last batch of the President of Chefir-why may give it crystals such as the Meme Index an advantage among the economy of a fast-changing encryption.
Bill Genius: “America first” for Stablecoins?
The genius law gives preference to the United States -based Stablecoins and has been met with mixed, positive and negative reviews.
Negatively, and Bill suggests To bring Stablecoins firmly under the supervision of the Federal Reserve:
For exporters whose value is more than $ 10 billion from Stablecoins, it applies the regulatory framework of the Federal Reserve to deposit institutions and a currency framework office for non -bank exporters.
As for the formulation of encryption, this contradicts the decentralized nature of encrypted currencies, but it must remove some specialty issues, at least.
On the positive side, the draft law provides the ability of Stablecoin exporters to choose between the state and national covenants, “which provides two potential frameworks, at least for Stablecoins with the total maximum market less than $ 10 billion.
This possibility greatly increases the strength of the American state authorities in the smaller Stablecoins organization significantly independently. The draft law, even the concession, includes the largest stablecoin, or Stablecoins, which exceeds $ 10 billion to survive under state control.
Is an era of Stablecoins in the United States about to appear? Is anyone for some California the US dollar – $ Causd, perhaps?
Is it a USDT to adapt to the changing rules?
The reporting of the initial framework included the mention of JP Morgan analysis, which concluded that Tether may have to sell some of its assets to include more assets compatible with genius, including US Treasury invoices, to support USDT codes completely.
Tether reduced the problem on social media, describing JP Morgan as not buying $ BTC cheap. Tether currently has more than $ 94,000 from BTC worth $ 7.6 billion, For every Arkham intelligence.
The Q4 2024 Tether reports note that the company already owns more than $ 94.4 billion in US Treasury bonds, either directly or indirectly.
Just a week ago, in the end Announce Simon Mcctions as a financial manager with a transfer to a full review of the company. It is a step that the company neglected before.
There is also a distinguished element of controlling genius draft. The draft law will require that they be a STABLECOIN exporter who are able to control the payments in their Stablecoins, including stopping them if necessary (it is better interpreted as “if requested”), identifying accounts and account holders.
Or put a different way, by establishing both federal and state covenants, the draft law gives each group of American authorities power, and even the condition, to control Stablecoins as digital assets within its jurisdiction.
Meme Index: Set the investment strategy in Memecoin
Memecoin market is still common, as the market price is of $ 45 billion, and investors are constantly looking for the latest and best coins to be purchased.
But moving in a market with thousands of symbols, as new coins that come and go every day, represent a challenge for everyone except for the most dedicated merchants.
Mimi index Provides a solution to the same problem that the rope faces; Adapting to changing markets and regulations while flying.
$ MEMEX owners can customize their icons to one of the four different Memecoin indexes – Meme Frenzy, Meme MidCap, Meme Moonshot and Meme Titan. Each index is designed with a different level of risks and volatility, allowing you to adapt your investment strategy in light of market changes.
Do your own search, of course; Nothing of this is a financial advice, and the encryption market is always volatile. But do not underestimate the strength of the Meme index to adjust your portfolio as the market moves.
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