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.
The U.S. Senate has confirmed Jonathan Gould as the next head of the Office of the Comptroller of the Currency (OCC), moving his nomination to President Donald Trump for final approval.
Australia is stepping up its digital currency efforts with the next phase of Project Acacia, a pilot focused on testing central bank digital currency (CBDC) and tokenized finance in real-world applications.
According to Bloomberg the U.S. Treasury Department has officially eliminated a controversial crypto reporting requirement that targeted decentralized exchanges.
Three Democratic senators—Chris Van Hollen, Tim Kaine, and Alex Padilla—unveiled a bill aiming to penalize El Salvador’s President Nayib Bukele and his allies.