NYU Professor Says Stablecoin Rollout Under GENIUS Act Matters More Than CLARITY Act
Summary
- Austin Campbell, an adjunct professor at New York University’s Stern School of Business, said investors should focus on the implementation of stablecoin rules under the GENIUS Act as the key factor shaping the direction of the U.S. crypto market.
- Campbell said market attention is focused on the CLARITY Act, but the actual rollout of the stablecoin regulatory framework is more important.
- He said the specific implementation of the stablecoin regime based on the GENIUS Act will affect the broader crypto market going forward.
Forecast Trend Report by Period
A New York University professor said the rollout of stablecoin rules under the GENIUS Act, rather than the CLARITY Act, will be the key factor shaping the direction of the U.S. crypto market.
CoinDesk reported on September 24 that Austin Campbell, an adjunct professor at New York University’s Stern School of Business, said while attention has been focused on the CLARITY Act, the actual implementation of the stablecoin framework under the GENIUS Act will be the main driver of the broader digital-asset market.
Campbell said market attention has centered on the CLARITY Act, a crypto market-structure bill. But he argued that the process of putting a stablecoin regulatory framework into effect matters more.
He added that the specific implementation of a stablecoin regime based on the GENIUS Act will affect the broader crypto market going forward.
JH Kim
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