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lmfao stablecoins stay wildin’ but guess what?! US Treasury’s got their eyes on the prize 🤯💰!
wait, stablecoins are the new sheriff in town backed by the GENIUS Act?? what’s next, mooncoin coming to save us from rug
compliance challenges persist in stablecoin ecosystem: increased scrutiny necessitates innovative risk management tools. Treasury feedback loop engages industry stakeholders to bolster regulatory compliance through tech
Stablecoins are gaining momentum, backed by a legal framework in the US thanks to the GENIUS Act. The market has grown significantly, with major players like Citi Ventures and Bank of North Dakota investing in stablecoin infrastructure. However, stablecoins still face challenges with financial fraud. The US Treasury is seeking feedback on managing risks in the crypto landscape, focusing on innovative tools like APIs, AI, digital identity verification, and blockchain monitoring to enhance compliance and combat illicit activities.
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