Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingU.S. cryptocurrency landscape: What's next after the GENIUS Act milestone?
The GENIUS Act celebrates its first anniversary, reigniting discussions on cryptocurrency regulation in the United States. As lawmakers and industry members call for drastic reforms, the bill's regulatory provisions on stablecoins are gradually becoming a potential model for expanding the scope of digital asset regulation at the federal level.
Milestones and Industry Feedback
According to Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), the GENIUS Act has been hailed as a major change in the field of digital asset governance. He attributed the bill's success to the aggressive push of President Donald Trump and Senator Bill Hagerty. The CFTC intends to use this achievement as a platform to ensure regulatory transparency for industry stakeholders and consumers.
The bill provides structured guidance for stablecoin regulation, aiming to bring various digital asset activities into the regulatory perspective. Proponents argue that this increases legal certainty and brings financial businesses back into U.S. regulatory jurisdiction.
Anchorage Digital, known as a federally chartered crypto bank, described the legislation as a crucial legislative breakthrough. The bank has observed that since the bill was implemented, major stablecoin issuers have significantly shifted towards compliance with U.S. standards.
The company further pointed out that international companies are increasingly choosing to conduct digital transactions based on U.S. infrastructure, which is confirmed by significant capital investment from institutional platforms.
A year after the GENIUS Act was implemented, it is clear that agencies are investing significant resources and that global companies are choosing a U.S. framework for their digital businesses.
Is comprehensive reform coming?
Yes, stablecoins occupy an important place in current regulatory discussions, especially when it comes to payment systems and compliance requirements. Anchorage Digital emphasized that clear regulatory rules allow crypto entities to manage compliance matters more effectively, potentially reducing operational risks.
Despite these advances, Anchorage Digital is calling for more legislation to address broader market issues. The company's advocacy emphasizes the need for Congress to introduce comprehensive rules that go beyond stablecoins.
Debate over the CLARITY Act and user security
The proposed CLARITY Act aims to clarify the regulatory role of agencies such as the U.S. Securities and Exchange Commission (SEC) and the CFTC, and establish clear guidelines for exchanges and token issuers in the crypto industry.
Senator Cynthia Loomis, an outspoken supporter of cryptocurrency regulation, cited past failures of platforms such as Celsius, Voyager and FTX. She emphasized that the lack of clear rules resulted in customer losses and argued that protective measures must be included in future legislative work.
The regulatory framework of the GENIUS Act may serve as a model for regulation at the national level.
Successfully attracted institutional investment and international companies into the U.S. -controlled system.
Promote the establishment of clear guidelines for comprehensive market governance beyond stablecoins.
Loomis emphasized bipartisan support for the CLARITY Act to protect customer assets from mismanagement and bankruptcy-related risks. The ongoing legislative debate will determine whether the GENIUS Act's achievements can cover the broader spectrum of digital assets.
