Is the US about to pass the most industry-friendly crypto law yet?
2025-07-01 10:55:20
Main Idea
The GENIUS Act, a proposed US crypto regulation bill, aims to establish a clear framework for stablecoins and digital assets, potentially making it the most industry-friendly crypto law to date.
Key Points
1. The GENIUS Act seeks to regulate stablecoins and digital assets, providing a clearer regulatory framework for the crypto industry.
2. Supporters argue the bill modernizes financial innovation, with Senator Hagerty emphasizing the US risks losing ground without such legislation.
3. A CoinCover survey shows 82% of respondents favor a global crypto regulatory framework, with 67% more likely to invest if regulations were clearer.
4. Experts highlight that traditional financial rules don't fit crypto's vertically integrated business models, calling for tailored regulations.
5. The US approach under the GENIUS Act contrasts with the EU's more restrictive MiCA framework, reflecting differing regulatory philosophies.
Description
Before the elections, the cryptocurrency industry was characterized by scrutiny, strict policies, and lawsuits. But things are changing rapidly. This month, the Senate passed the GENIUS Act , a bill designed to regulate stablecoins and bring digital assets under federal oversight. This is the first time either chamber has approved major crypto legislation. And with the House now preparing a joint vote on two bills, the United States may soon have its clearest crypto framework yet. What does the ...
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