What about the new Genius act?

It states:

'Stablecoin issuers with greater than $10 billion in market capitalization will be subject to federal regulation by the appropriate federal banking agency, while those with $10 billion or less can opt for state regulation if the state framework is substantially similar to the federal one.'

'Payment stablecoin issuers must maintain public redemption policies and ensure price stability relative to the U.S. dollar. They must also publicly disclose the composition of their reserves on a monthly basis.'

As just an average guy, I doubt Hive, HBD got clear legal background, especially not after this new law, especially not in the USA. How it can impact the usage in the rest of the world? USA authorities can make legal actions vs. HBD, even if it's used as payment only outside USA? Does any company use HBD as payment in USA? etc., etc.

I would love to hear more, detailed info about legal status of HBD, I guess, I am not alone who is interested in it, especially after this new law appearance.