based on materials from the site - By Bitcoin Sistemi EN

"The Law on Geniuses," signed by U.S. President Donald Trump on Friday, became the first regulatory document in the country's history concerning cryptocurrencies.

Jessie McWaters, Director of Global Policy at Mastercard, called the passage of the law "a turning point in the regulation of stablecoins and the adoption of digital assets."

Mastercard stated that it has been actively preparing for this moment in recent years. McWaters noted that mass adoption will be possible if stablecoins are "integrated into trusted systems." The new law allows regulated organizations, such as banks and companies that meet reserve, transparency, and compliance requirements, to issue dollar-backed stablecoins.

The passage of the law has triggered significant activity in the sector. Executives from JPMorgan, Citigroup, and Bank of America have announced plans to enter the stablecoin market, while tech giants Amazon and Apple are reportedly working on integrating stablecoins into their platforms.

At the bill signing ceremony at the White House, prominent industry representatives were also present, including Circle, Coinbase, Gemini, and Tether. Tether CEO Paolo Ardoino stated that the new regulation provides a "clear legal framework" for the industry.


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