#GENIUSActPass

What impact will the GENIUS Law have on the cryptocurrency industry if it becomes law? What role will stablecoins play in the future of finance?

If the GENIUS Law becomes law, it will transform the crypto industry by establishing clear rules for stablecoins, increasing the confidence of investors and institutions. It will require 1:1 reserves, audits, and AML/KYC compliance, which will favor large issuers like Circle. This will drive the adoption of stablecoins in payments, trade, and global finance, integrating them into the traditional financial system. It could also weaken interest in state digital currencies (CBDCs). Stablecoins would shift from being speculative instruments to becoming key pillars of the digital economy, albeit with greater regulatory control and concentration among a few players. The U.S. would position itself as a leader in crypto regulation.