
Jacob King|Jun 17, 2025 11:15
🚨 BREAKING: The U.S. Senate votes TODAY at 4:30 PM ET on the GENIUS Act — a landmark stablecoin bill.
If it passes, it could mark the beginning of the end for Tether in the U.S., imposing strict reserve, audit, and regulatory requirements.
🔒 Require federal/state licenses to issue
💰 Mandate 1:1 cash/T-bill reserves
🧾 Monthly audited reserve disclosures
🚫 Ban rehypothecation of reserves
👮♂️ Strict federal oversight & enforcement
💸 100K/day fines for noncompliance
📜 Must comply with AML laws
⚖️ Exempts compliant coins from SEC/CFTC rules
📉 Over 10B = forced federal regulation
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