Crypto Leaders Hail GENIUS Act as Regulatory Milestone for Stablecoins

The U.S. House's passage of the GENIUS Act marks a watershed moment for crypto regulation, establishing federal oversight for stablecoins. Industry executives from Ondo Finance, Bitpanda, and Gluwa interpret the legislation as a catalyst for institutional adoption, citing long-awaited legal clarity as the missing link for mainstream participation.

"The clearer the rules, the faster adoption will follow," said Ian De Bode, Chief Strategy Officer at Ondo Finance, emphasizing bipartisan cooperation in creating a new regulatory framework. The involvement of former House Financial Services Committee Chair Patrick McHenry and President TRUMP in the signing ceremony underscores the political significance of the legislation.

Market observers note the GENIUS Act provides critical guardrails for stablecoin issuers while addressing consumer protections—a development expected to reshape how digital assets intersect with global securities laws and financial infrastructure.