SEC Endorses GENIUS Act, Calling It a Key Step for Markets and Payments

SEC Chair Paul Atkins welcomes the GENIUS Act, emphasizing it as a crucial advancement for stablecoin markets and innovation.

The GENIUS Act establishes clear rules requiring audits, liquid reserves, and registration for stablecoin issuers nationwide.

Focused on asset-backed stablecoins, the bill excludes algorithmic types, supporting safer, more transparent digital payments.

The GENIUS Act continues to gain traction after SEC Chair Paul Atkins voiced support for the stablecoin bill, calling it “an important step forward for markets, innovators, and payments.”

SEC Chair Supports Stablecoin Regulation Bill

SEC Chair Paul Atkins publicly backed the GENIUS Act this week, marking a rare alignment between the Commission and Congress on digital asset policy. His comments signal growing institutional support for clearer rules in the stablecoin sector. He stated he looks forward to the bill being signed into law.