U.S. SEC Chairman: "Passage of the GENIUS Act, Major Progress for the Virtual Asset Industry"
JH Kim
Summary
- Paul Atkins, U.S. SEC Chairman, stated that the passage of the GENIUS Act represents significant progress for the virtual asset industry.
- He explained that this bill introduces clear rules for the stablecoin market.
- He emphasized that this measure will serve as a crucial foundation for advancing market trust and the maturity of the industry.
According to virtual asset (cryptocurrency) specialist media Watcher Guru on the 18th (local time), Paul Atkins, a U.S. Securities and Exchange Commission (SEC) Chairman, stated that "the passage of the GENIUS Act represents important progress for the virtual asset industry."
He emphasized, "This bill presents clear rules for the stablecoin market and lays the foundation for responsible innovation," and added, "It is a significant measure for the virtual asset industry to mature further and to gain market trust."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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