The United States has made significant progress in cryptocurrency regulation with the passage of the GENIUS Act, aiming to establish a leading position in personal financial innovation.
The new law paves the way for clear regulations on stablecoins, promoting innovation while protecting users, which has been highly valued by leading figures in the financial technology industry.
MAIN CONTENT
The GENIUS Act is seen as a significant turning point for the cryptocurrency industry in the United States.
Ripple, Coinbase, and TRON have a positive assessment, agreeing that the law promotes innovation and transparency.
This legislation sets the stage for the United States to maintain its dominant position in the global stablecoin market.
WHAT DO EXPERTS THINK ABOUT THE GENIUS ACT?
Brad Garlinghouse, CEO of Ripple, stated that this is a historic step in financial innovation after 15 years without significant regulations in this field in the United States. He appreciates the bipartisan cooperation to refine the law, opening new opportunities for stablecoin technology.
The GENIUS Act is a groundbreaking legal framework expected to ensure transparency and sustainable development for the cryptocurrency market in the United States.
"This moment is historic, and I truly look forward to the positive changes from this law. Thank you to the bipartisan lawmakers for getting this done."
Brad Garlinghouse, CEO of Ripple, 07/17/2025
WHAT REGULATIONS DOES THE GENIUS ACT PROVIDE FOR STABLECOIN STABILITY?
Stuart Alderoty, Ripple's legal director, emphasized that the law provides a clear legal framework, helping to balance innovation and consumer protection. According to him, this is a major success that brings peace of mind to the public and businesses.
This law not only establishes rules for stablecoins but also minimizes legal risks, helping the digital finance sector to grow stronger and more transparently.
HOW IS THE GENIUS ACT PERCEIVED IN THE GLOBAL CRYPTOCURRENCY INDUSTRY?
Justin Sun, founder of TRON, assessed the GENIUS Act as an ideal blueprint to promote responsible innovation in the cryptocurrency space. He believes this is a milestone that will change the dynamic landscape of the digital currency market in the United States.
Paul Grewal, Legal Director of Coinbase, also agrees that this law creates opportunities for the USD to continue maintaining its leading position as approximately 190 billion USD in stablecoins are circulating globally.
"This law will help the United States maintain its leading role in the global digital finance ecosystem while ensuring sustainable development for stablecoins."
Paul Grewal, Legal Director of Coinbase, 2025
HIGHLIGHTS OF THE GENIUS ACT COMPARED TO OLD LAWS IN THE FINANCIAL SECTOR
Criteria Previous Law GENIUS Act (2025) Enactment Date Around 2007, after the 2008 financial crisis 2025, after 15 years without new laws on digital assets Scope Primarily focused on traditional finance Expanded to include stablecoins and cryptocurrencies Clarity of regulations Incomplete, many gray areas regarding cryptocurrencies Transparent legal framework, balancing innovation and user protection Market impact Stabilizing the traditional financial system Promoting innovation, maintaining the global dominance of stable coins
FREQUENTLY ASKED QUESTIONS
How important is the GENIUS Act for the U.S. cryptocurrency market?
The law creates a clear legal framework, helping to develop stablecoins and innovate financial technology, reinforcing the United States' position on the international stage.
What do Ripple and Coinbase say about the GENIUS Act?
These two companies assess that the law promotes innovation, protects consumers, and helps the United States maintain its global advantage.
What is a stablecoin and how does the GENIUS Act impact it?
Stablecoins are cryptocurrencies with stable value, and the GENIUS Act helps establish clear regulations, reducing legal risks.
Can the GENIUS Act affect individual users?
Users will benefit from regulations that provide increased transparency and safety when using cryptocurrencies and stablecoins.
Does the new law help maintain the USD's position?
The law helps the USD maintain its central role in the stablecoin market, which is valued at up to 190 billion USD globally.
Source: https://tintucbitcoin.com/ceo-ripple-ca-ngoi-genius-act/
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