What is the GENIUS Law? Scope and Objectives

What You Need to Know About the US Stablecoin Regulation
The GENIUS Act is a comprehensive bill prepared in the US to regulate stablecoins. It aims to enhance the global power of the dollar while providing a legal framework for digital assets and ensuring user security. The law may also impact global crypto regulations.
The GENIUS Act is a comprehensive bill prepared to regulate the stablecoin ecosystem in the United States. This law, an abbreviation for "Guiding and Establishing National Innovation for U.S. Stablecoins," aims to both promote innovation and protect investors by providing regulation in the digital currency markets. Especially in recent years, the increase in the use of stablecoins has made the legal gaps in this area more visible.
The Future and Global Impacts of the GENIUS Law
The process of the GENIUS Act passing through the Senate is seen as a sign of determination regarding digital currency regulations in the U.S. However, this law alone is not enough; it needs to be aligned with other regulations of a similar nature, such as the STABLE Act, which is pending in the House of Representatives. In this process, political consensus will play a decisive role in terms of the scope and feasibility of the regulations.