Following the Senate’s approval of the GENIUS Act, U.S. financial institutions are signaling growing interest in stablecoins for settlement and payments.
The legislation offers long-awaited legal clarity, with requirements for full collateral backing and compliance with AML rules.
Sygnum’s Katalin Tischhauser says the bill removes key barriers for banks, though initial adoption may stay within private blockchains. Falcon Finance’s Andrei Grachev adds that treasury-backed stablecoins could elevate issuers into systemic financial players.
Foresight Ventures’ Alice Li sees the regulatory shift as a major tailwind for the next crypto cycle, citing stablecoin adoption and Trump-era Bitcoin policy as key drivers.
Rayls co-founder Alex Buelau expects institutions to move quickly now that stablecoins offer clear utility for 24/7 cross-border payments and liquidity.
Meanwhile, JPMorgan’s trademark filing for “JPMD” has fueled speculation around an upcoming digital asset product, potentially signaling broader institutional moves already underway.
Bangkok has thrown new weight behind its digital-asset ambitions, carving out a five-year capital-gains tax holiday for Thais who sell cryptocurrencies such as Bitcoin through locally licensed exchanges.
In a major turning point for digital asset legislation, the U.S. Senate has officially passed the GENIUS Act, a bill aimed at regulating stablecoins and laying the groundwork for broader crypto oversight.
Gemini and Coinbase are reportedly on the verge of securing operational licenses in the European Union, signaling a major step forward in their international growth plans.
A pivotal vote in the U.S. Senate could soon reshape how stablecoins are regulated, as lawmakers prepare to decide the fate of the GENIUS Act—a bill that’s been in negotiation for weeks.