Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which was signed into law on July 18, 2025, creates a legal framework for issuing and managing stablecoins. These are digital tokens pegged to the U.S. dollar. They can only be issued by approved entities (e.g., banking subsidiaries) and there are reserve requirements (how much in dollars must be held), which must be publicly disclosed. There’s more; stay tuned. #IdeaoftheDay