Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#GENIUS Stablecoin Bill The GENIUS Stablecoin Bill has made significant progress in the US Senate. Here's what's happening¹ ²:
- *Bill Overview*: The GENIUS Act, introduced by Senator Bill Hagerty in February, aims to regulate the $248 billion stablecoin market by establishing a framework for stablecoin issuance.
- *Key Provisions*:
- *Reserves Requirement*: Stablecoin issuers must maintain 1:1 reserves backed by US dollars.
- *Anti-Money Laundering*: Implementing anti-money laundering and know-your-customer protocols.
- *Licensed Entities*: Only licensed entities can issue stablecoins, restricting algorithmic stablecoins.
- *Senate Vote*: The bill passed with a 66-32 majority vote in the Senate on May 20, marking a significant step towards stablecoin regulation.
- *Next Steps*: The bill will move to the House of Representatives for further consideration.
- *Impact*: The GENIUS Act aims to bring stability and security to the digital asset market, enhancing consumer protection while fostering market innovation.³