In 2025, the first law regulating cryptocurrencies, particularly stablecoins, was signed in the United States under the name "National Stablecoin Innovation Act" or "Gensler Act". This law requires stablecoin issuers to peg their coins to liquid assets such as the dollar and short-term treasury bonds, with periodic disclosures of their reserve composition to enhance transparency and trust in the market. The issuance of these currencies is also subject to oversight by the Federal Reserve and the Office of the Comptroller of the Currency, establishing a clear regulatory framework aimed at reducing risks and increasing the legitimacy of digital assets within the U.S. financial system.
This law supports the expansion of digital currencies in official use and enhances the dollar's status as a global reserve currency while increasing demand for U.S. treasury bonds. Despite widespread support, there are criticisms for not including strict restrictions on certain aspects, such as the issuance of stablecoins by major tech companies or enhancing anti-money laundering efforts.
In summary, in 2025, cryptocurrency laws in America are witnessing advanced regulation focusing on transparency and reserve requirements, with central bank oversight, opening the door for broader adoption of digital currencies in the official economy.