TechFlow News, May 21: Bloomberg ETF analyst James Seyffart disclosed that Defiance ETFs has filed an application for a new money market ETF compliant with the GENIUS Act. The GENIUS Act is a U.S. federal regulatory framework governing reserves held by payment stablecoin issuers, imposing more conservative standards on underlying assets than traditional money market funds. This fund’s investment strategy is designed to meet the qualified reserve asset requirements stipulated under the U.S. Stablecoin Bill.
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