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06/19 05:26
GENIUS Act could bring trillions in institutional
GENIUS Act could bring trillions in institutional crypto capital: experts weigh in
Genius Act clears U.S. Senate, signaling a major shift in stablecoin regulation.The passage of the landmark Genius Act in the U.S. Senate has signaled a major shift in crypto regulation. According to industry experts, the change it could bring is hard to overstate. Stablecoins are on track to become part of a core trillion-dollar industry and transform everyday life for consumers.
Ira Auerbach, Head of Tandem at Offchain Labs, believes this regulatory clarity removes a major roadblock for adoption. The Genius Act has the potential to bring billions in institutional capital into the industry, already validated by the Circle IPO. He said in a note sent to crypto.news:
“By providing definitive regulatory guardrails for stablecoins, it clears the final major hurdle for institutional adoption, Auerbach stated. This regulatory catalyst… unlocks immense capital and innovation.”
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