The GENIUS Act is poised to become the first national regulatory framework for stablecoins in the U.S. If passed, it would mandate 100% reserves, annual audits for large issuers, and compliance rules for foreign entities.
Seen as a turning point in crypto regulation, industry leaders believe the bill could drive institutional adoption. Digital Asset Co-Founder and Chief Executive Officer Yuval Rooz called it a “pivotal shift” in crypto regulation:
“The passage of the GENIUS Act marks a long-awaited shift from regulation by enforcement to regulation by clarity. It provides banks with a clear framework to confidently engage with stablecoins, unlocking stalled strategies by ensuring full reserves, regular audits, and substantive consumer protections.”
With a final Senate vote expected Monday, the bill’s outcome could reshape U.S. crypto policy and the role of stablecoins across finance.