The GENIUS Law is a step towards the legalization of stablecoins in the USA, opening new horizons for fintech and banking. It introduces mandatory reserves and increases transparency, which may strengthen the positions of DeFi, but at the same time will enhance control and reduce the level of decentralization. Participants in crypto platforms are already feeling the changes: increased stability, but also new barriers to anonymity. For global payments, it’s a powerful boost, especially in dollar-oriented regions. However, small projects risk facing tough regulatory competition. This law is not the finish line, but a restart of the race between innovation and control.
