PiCK
NYU Professor Says Stablecoin Rollout Under GENIUS Act Deserves More Attention Than CLARITY Act
Summary
- Professor Austin Campbell said the key factor to watch in the U.S. digital-asset market is the rollout of a stablecoin framework under the GENIUS Act.
- He said market attention is focused on the CLARITY Act, but the actual implementation of the stablecoin regulatory framework matters more.
- He said the specific implementation of a stablecoin framework based on the GENIUS Act will affect the broader digital-asset market going forward.
Forecast Trend Report by Period
Implementation of the stablecoin framework under the GENIUS Act, rather than the CLARITY Act, should be the focus as a key factor shaping the direction of the U.S. digital-asset market, according to a New York University professor.
CoinDesk reported on September 24 that Austin Campbell, an adjunct professor at New York University’s Stern School of Business, said that while attention has centered on the CLARITY Act, the actual rollout of the stablecoin regime under the GENIUS Act will be the main force driving the broader crypto market.
Campbell said market attention has focused on the CLARITY Act, a crypto market-structure bill, but argued that the more important issue is how the stablecoin regulatory framework is implemented.
He added that the specific rollout of a stablecoin regime based on the GENIUS Act will influence the broader digital-asset market going forward.
JH Kim
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