With the passage of the GENIUS Act in the US… Industry evaluates: "A new era of digital asset regulation has begun"
Summary
- The passage of the GENIUS Act in the US is being evaluated by industry leaders as marking the beginning of a new era of regulation in the virtual asset market.
- The Vice President of Bitpanda stated that this regulatory progress has influenced investor sentiment in the United States, sparking optimism across both the Bitcoin and altcoin markets.
- The new bill is seen as a signal for expanding stablecoin adoption, long-term industry growth, and innovation across the entire financial infrastructure.
With the passage of the US stablecoin regulation bill, the 'GENIUS Act', leaders in the virtual asset (cryptocurrency) industry are evaluating it as a significant turning point for the market.
According to CryptoNews.com on the 19th (local time), Ian De Bode, Chief Strategy Officer (CSO) of Ondo Finance, assessed, "This bill marks the start of a new regulatory era."
Lukas Enzersdorfer-Konrad, Vice President of Bitpanda, also expressed a positive opinion about the legislation. He said, "US regulatory progress is shaping investor sentiment," and "This has triggered broad optimism in both the Bitcoin (BTC) and altcoin markets."
Tae Kyung Oh, CEO of Gluwa, likewise commented, "As the first federal regulatory framework for dollar-linked stablecoins, this bill signals support for responsible innovation, consumer protection, and the long-term growth of the industry. This will promote stablecoin adoption across payments, DeFi, and the entire financial infrastructure."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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