The Genius Act, signed into law by the President of the United States, marks a major turning point in the recognition and regulation of stablecoins, ushering in a new era for the financial and cryptocurrency industries.
This act establishes a clear legal framework for stablecoins, promoting faster payments, lower costs, and global accessibility. The cryptocurrency industry is moving towards more comprehensive regulations with the upcoming Clarity Act expected to be presented to Congress.
MAIN CONTENT
The Genius Act legalizes stablecoins and establishes a clear regulatory framework in the United States.
Traditional financial leaders see this as a turning point in the development of digital assets.
The Genius Act paves the way for the future of financial innovation, while the Clarity Act promises more comprehensive regulations.
How does the Genius Act legalize stablecoins?
Brian Armstrong, CEO of Coinbase, sees this as a first step towards a new, faster, and more cost-effective payment method for the world.
The Genius Act officially recognizes stablecoins as digital assets pegged to stable currencies like the USD. This strengthens the legal framework to help stablecoins become a widely-used payment tool, replacing the outdated traditional financial system.
"GENIUS is the first federal cryptocurrency bill passed, ushering in a modern financial revolution."
Brian Armstrong, CEO of Coinbase, 07/18/2025
Why do traditional financial leaders see this as a turning point?
Mastercard considers this a new era of transparency and confidence in the field of digital assets, especially stablecoins.
Jesse McWaters, Executive Vice President of Mastercard, noted that the Genius Act creates regulatory clarity, enhancing trust in the stablecoin market. He cites examples of institutional moves in the European Union (MiCA), Hong Kong, and UAE, showing that global trends are driving innovation in digital payments.
"With the GENIUS Act, we enter a new era of clarity and confidence regarding digital assets."
Jesse McWaters, Vice President of Mastercard, 07/18/2025
What will the Genius Act and the future of cryptocurrency look like?
The legalization of stablecoins in the United States lays the foundation for the country to lead the wave of global financial innovation.
This recognition helps financial transactions become smoother, with lower costs for individual users and businesses. At the same time, the cryptocurrency community is moving towards the Clarity Act, aiming to build a more comprehensive legal framework for the industry, affirming the essential role of digital assets in the future financial system.
Frequently Asked Questions
What impact does the Genius Act have on stablecoins?
It helps stablecoins gain legal recognition and establishes a clear regulatory framework, facilitating the widespread adoption of payment applications.
What is the Clarity Act and what are its goals?
It is a bill that expands cryptocurrency regulations, aiming to perfect comprehensive laws for the digital asset industry in the near future.
Can stablecoins replace traditional finance?
They do not completely replace but rather supplement, speeding up transactions, reducing costs, and improving global accessibility for the financial system.
What do traditional financial institutions think about the Genius Act?
Many organizations like Mastercard see this as a major turning point, contributing to increased transparency and trust in the digital asset market.
How will the United States lead cryptocurrency innovation after the Genius Act?
With a solid legal framework, the United States will create a development environment for digital payment solutions and innovative financial achievements.
Source: https://tintucbitcoin.com/genius-act-mo-ra-cach-mang-tien-so/
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