Progress enabling mass acceptance? The Genius Act is the law of the goal Define a control frame for stablecoins on UNITED STATESDetermination of safety and transparency standards of these digital assets. In a report published on May 29, 2025, Investment Fund Foreshape evaluates this law that could well revolution sector and indicate the main progress for the entire sector Bitcoin (BTC) and cryptocurrencies.
- The aim of the Genius law is to create a regulatory framework for stablecoins in the United States, which would be the main progress for the cryptocurrency sector.
- This law introduced a double license regime, simplified the regulatory process and supported innovations in crypto companies.
A brilliant act would significantly simplify the life of cryptocurrencies and support innovations
According to the report Foreshape Published this Thursday 29 May 2025, Genius Act represents a Double license dietallowing a stable -Co -omiters to work on a national scale with one state recognized as’ substantially equivalent Federal authorities. This simplifies the regulatory process, reduces the need for multiple state licenses and promotion of the environment that contributes more to innovation and competition.
This law (if his legislative career is successful) would actually have the potential ” Reduce operating obstaclesD ‘Improve Standards of Compliance with Regulations and Consolidate the position of US dollar In the digital economy ”, according to Ventures foresees.
Because the law on the genius introduces a Double license dietwhich would allow issuers of stablecoins ”acts on a federal scale with a license in one condition (American) “(” Nationwide passport »). Obviously it would be important simplification Regulatory process for cryptocurrencies, with the key to time and money. And what promote.
This crypto law could strengthen the global dollar position through the stablecoins of the American currency
Require Parity coverage (1: 1) with dollar American and Highly liquid assets such as US cash registersThe brilliant act should logically ” Strengthen the role of the dollar as a global currency of digital regulation ”.
In addition, with this law transmitters (not founded in the United States) Stablecoin of the US dollar will compulsory from index and to submit to checks If they do not want to see their activities limited.
“The Genius Act is a significant progress in the regulation of stablecoins by providing greater clarity and support of innovation. (…) Beginning and financial technology companies (FINTECH) are now better placed to develop compatible and user financial solutions and to stretch around the world.» »» »» »» »» »» »» »» »» »» »» »» »» »» »
ZAC TSUI, investment director of Foresight Ventures
The aim of the Genius Act is to supervise stablecoins in the United States and store the rules of transparency, safety and protection of consumer. And so, By strengthening trust Users of everything By supporting innovationThis law could lead ka Massive acceptance of stablecoins. Not only in the United States, but also globally. It remains to be determined whether Stablecoin transmitters will be ready to meet these new requirements or whether they will prefer (or forced to operate) in other less strict jurisdictions. Because the cryptosphere will remember the case Tether, the transmitter Stablecoin USDT, which was expelled from the European Union after the regulation of the mica (At least USDT trading that no longer allows crypto-recalling by adherence to the EU text).
(Tagstotranslate) United States (US) (T) Cryptocurrency Regulation (T) Stablecoins
