The WebX 2025 conference in Tokyo drew the attention of global regulators and industry leaders. The focus was on the dialogue about stablecoin regulation.
U.S. Perspectives on Stablecoin Regulation
At the conference, former CFTC Chairman Heath Tarbert stated that America is embracing crypto assets for the first time. A significant step was the passage of the Genius Act, which legally recognizes stablecoins as equivalent to cash. However, unresolved issues remain, such as digital asset classification and custody rules.
Japan's Position on Stablecoins and CBDCs
Japanese Senator Satsuki Katayama emphasized that society is skeptical of CBDCs due to privacy concerns. Japan prioritizes stablecoin development and is considering tax reforms to attract young investors to cryptocurrencies.
Global Trends and the Future of Stablecoins
Representatives from both the U.S. and Japan noted that stablecoins could become the foundation of global finance. Their use for transactions could significantly simplify cross-border payments and promote financial inclusion in countries facing high inflation.
The WebX 2025 conference demonstrated that despite differences in approaches, both the U.S. and Japan are striving to develop stablecoins, which may change the future of the financial system.
