U.S. President Donald Trump has signed the Genius Act, which represents significant regulation for the stablecoin market in the country. This move marks a change in his stance on cryptocurrencies and promises clear rules for the sector.
Signing of the Genius Act
At the signing ceremony held in Washington, Trump, previously skeptical about cryptocurrencies, emphasized the need for regulation. The legislative act was supported by key figures such as House Speaker Mike Johnson.
Impact on the Stablecoin Market
The law creates a new regulatory framework for the $250 billion stablecoin market, which could foster broader adoption of stablecoins. It is expected that this will increase liquidity and attract the attention of institutional players.
Future of Regulation in Financial Technologies
According to forecasts, the adoption of the Genius Act will significantly impact the development of cryptocurrency-linked markets and financial technology standards. Strengthening the regulatory structure may encourage traditional players to enter digital markets.
The signing of the Genius Act could be a pivotal moment in the historical context of cryptocurrency regulation, similar to how internet technologies evolved. Increased transparency and reliability of stablecoins are expected to create a more attractive environment for investments.
