Principles for how state regimes can comply with the federal GENIUS Act framework - a16z crypto

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) was the first major piece of crypto legislation in the United States, signed into law last year and passed with broad bipartisan support. Since GENIUS provided a clear legal pathway for stablecoins, we’ve seen stablecoin innovation and volume accelerate in the United States. This matters even beyond the crypto and traditional finance industries, because stablecoins give us something we’ve never really had before: open money infrastructure.

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