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FollowingDelays in stablecoin regulation may be a good opportunity for the market
According to Christopher Louis Tsu, CEO of Venom Foundation, delays in stablecoin regulation policies may ultimately consolidate rather than weaken the digital asset market. While many observers regard the failure of the GENIUS Act to pass within the stipulated deadline as a major setback in the U.S. regulatory arena, Tsu in its new statement sees the development as an opportunity for policymakers to learn from regions that have implemented effective regulatory models. He added that the stablecoin market continues to expand despite U.S. regulatory uncertainties.
The GENIUS Act's delay gives Hong Kong, Europe and United Arab Emirates a regulatory advantage
Although the delay in the GENIUS Act is widely seen as a sign of regulatory failure, Christopher Louis Tsu sees it as an important opportunity for lawmakers to broaden their horizons-they can learn from other jurisdictions that have established mature operating models. At the same time, Europe, the United Arab Emirates and Hong Kong have taken the lead in introducing inclusive licensing systems, and the global stablecoin network is gradually getting rid of its dependence on the United States. The GENIUS Act requires top U.S. regulators to introduce final stablecoin policies within one year after the law is implemented, involving the Office of the Comptroller of the Currency (OCC), the Federal Reserve, the Treasury Department, the National Credit Union Administration (NCUA), and the Federal Deposit Insurance Corporation (FDIC). Although regulators issued multiple proposed rules during this period, none were finalized. Currently, various consultation periods are still open. For example, the OCC proposal will continue to receive feedback until August 21.
Venom CEO recommended that U.S. regulators learn from overseas efficient models to improve the rules.
In view of this, full implementation of the bill is currently expected to be postponed until January 18 next year. Tsu also mentioned that the delay has affected the entire stablecoin industry-the industry is currently valued at nearly $310 billion. Issuers have been continuing to promote compliance projects in accordance with the draft rules, while U.S. financial institutions are still cautious about large-scale investments until clear rules are introduced. According to the CEO of the Venom Foundation, Hong Kong has become one of the world's leading regulatory jurisdictions after the implementation of the Stability Coin Ordinance in August 2025. In addition, Europe and United Arab Emirates have also strengthened inclusive regulatory environments through the Cryptographic Asset Markets Regulation (MiCA) and the Payment Token Services Regulatory Framework. As a result, Tsu believes that the suspension provides a valuable opportunity for U.S. policymakers to learn from overseas efficiency frameworks to adjust their strategies to maintain leadership in the global financial center.
