Core provisions

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GENIUS Act mandates one-to-one backing of payment stablecoins with cash or short-term U.S. Treasuries

GENIUS Act bars large, publicly traded firms such as Meta and Amazon from issuing stablecoins unless strict risk and privacy requirements are met

GENIUS Act requires annual independent audits for issuers with more than $50 billion outstanding

GENIUS Act prohibits algorithmic coins and restricts rehypothecation and commingling of reserves

GENIUS Act grants stablecoin holders super-priority status in bankruptcy, giving them the legal right to recover their money before other creditors

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