What is the GENIUS Act and why does it mark a revolution for stablecoin and crypto?

GENIUS Act (“Giving Every National Investor Uniform Security”) is the first U.S. law entirely dedicated to providing recognition and regulation to stablecoins. The approval on June 18, 2024, concludes months of work and bipartisan dialogue: over 100 Democrats and Republicans supported the measure, highlighting a concrete turning point for the crypto-economy. With the GENIUS Act, companies in the sector will…