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The GENIUS Act could reinforce the US dollar’s dominance in Web3 by enforcing strict stablecoin regulations. A new report highlights how this legislation may shape the future of digital assets.
- The GENIUS Act enforces 1:1 stablecoin backing to ensure financial stability.
- Compliance with AML laws is a key requirement under the proposed legislation.
- Foresight Ventures suggests the bill could strengthen the US dollar's role in Web3.
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Related Tags: Stablecoin