Jesse McWaters, head of global policy at Mastercard, said that the United States has reached a "turning point" in stablecoin regulation and digital asset adoption, and the passage of the Genius Act served as a catalyst for institutional engagement, marking a "new era of clarity and confidence in digital asset regulation."
The bill allows regulated entities, including banks and corporations, to issue dollar-backed stablecoins subject to strict reserve, disclosure and compliance requirements. It is the first cryptocurrency special project legislation to become law in the United States.
Global Head of Policy at Mastercard: Geniu Act is a "Turning Point" for Mainstreaming Stablecoins
2025-07-20 00:51:57
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