According to Wu Blockchain, Bloomberg ETF analyst James Seyffart revealed that Defiance ETFs has submitted an application for a new type of money market ETF compliant with the 'GENIUS Act.' This act establishes a federal regulatory framework for reserves held by payment stablecoin issuers, imposing stricter conservative standards on underlying assets compared to traditional money market funds. The fund's investment strategy is designed to meet the qualified reserve asset requirements outlined in the U.S. Stablecoin Act. https://www.(wublock123.com)/news/news-61427