According to a report by DL News on July 20, Jesse McWaters, Global Policy Director at Mastercard, stated that the United States has reached a "turning point" in stablecoin regulation and digital asset adoption. The passage of the "Genius Act" serves as a catalyst for institutional participation, marking the beginning of a "new era of clarity and confidence in digital asset regulation."

This act allows regulated entities (including banks and businesses) to issue dollar-backed stablecoins, provided they meet strict reserve, disclosure, and compliance requirements. This is the first cryptocurrency-specific legislation in the United States to become law.