New Stablecoin Law Passed, What’s Next for US Crypto Regulation?
The U.S. House has passed the GENIUS Act, a landmark bill establishing the first federal framework for stablecoins. The legislation, now awaiting President Trump's signature, mandates 1:1 backing by liquid assets and aims to solidify the dollar's dominance in global finance.
Industry leaders anticipate the GENIUS Act will catalyze institutional adoption of digital assets while imposing stricter oversight on stablecoin issuers. The move comes as policymakers seek to balance innovation with consumer protection in the rapidly evolving crypto market.
Market observers note the legislation could serve as a blueprint for international regulatory standards, potentially affecting cross-border transactions and the competitive landscape among stablecoin providers.
