The U.S. political landscape just turned pro-crypto — and it’s already making waves in the stablecoin market.
Following Donald Trump’s win over Kamala Harris in the presidential race, the new administration wasted no time pushing forward its crypto-friendly agenda. As promised, Trump has launched multiple pro-crypto policies, including the creation of a special SEC task force focused on building a clear regulatory framework for cryptocurrencies.
Now, the spotlight is on the GENIUS Act — a landmark stablecoin bill that could redefine the future of digital finance in America.
Stablecoins are digital assets pegged to fiat currencies like the U.S. dollar. With a current market cap of over $261 billion, stablecoins like Tether (USDT), USDC, and USDS dominate this segment.
The GENIUS Act is a new law passed to regulate this fast-growing space. While it may appear to be just another compliance step, crypto experts like Quinten believe its impact could be far greater — potentially reshaping who wins and who loses in the crypto economy.
The Act introduces strict regulations for stablecoin issuers. Here’s what it changes:
However, critics have already raised eyebrows about the involvement of World Liberty Finance, which reportedly has links to Trump’s family.
According to Quinten, the GENIUS Act brings much-needed legal clarity, especially for banks and corporations looking to issue their own digital dollars.
His viral post on X claims the act will lead to a surge in stablecoin adoption by major institutions.
Insider buzz suggests that giants like Amazon, Apple, Walmart, and JP Morgan are already preparing to enter the stablecoin space.
While the act supports institutional stablecoins, it could crush decentralised projects.
Here’s why:
Quinten warns that this crackdown could push decentralized and foreign stablecoins out of the U.S. market entirely.
The GENIUS Act marks a clear pivot in U.S. crypto policy — one that favors regulation, institutional adoption, and dollar-backed digital assets.While it opens new doors for corporate stablecoins, it also risks sidelining decentralized innovation. With Trump’s pro-crypto task force gaining momentum, the U.S. might soon lead the world in regulated digital asset development — but at what cost?
The GENIUS Act is a new federal law that establishes comprehensive regulations for stablecoin issuers in the United States, requiring full reserve backing, strict transparency, and compliance with anti-money laundering laws
Only insured banks, credit unions, federally-qualified, or state-qualified issuers can issue stablecoins, subject to federal or certified state oversight
Issuers must comply with the Bank Secrecy Act, including anti-money laundering (AML), know-your-customer (KYC), and sanctions programs
Ever since the Fed's rates were slashed below 5% back in October 2024, they have…
Bitcoin (BTC) price has gradually lost its initial July bullish momentum during the past three…
Solana (SOL) is navigating a pivotal market phase as it hovers near a critical resistance…
The Federal Reserve has decided to keep its key interest rate steady at around 4.25%-4.5%,…
Litecoin (LTC) price has shown renewed momentum in recent sessions, staging a steady upward move…
Pump.fun’s native token, PUMP coin, is currently trading near $0.0026, following a volatile post-ICO phase.…