Legal
This summer, the US has enacted the GENIUS Act, its first federal stablecoin law, setting clear rules for payment stablecoins in the US. With this regulatory “blessing”, the tech firms followed fast, with recent news of Stripe and Circle announcing launching their own L1s, dedicated for stablecoin payments. Alongside MiCA,
Legal
The GENIUS Act (US first stablecoin bill) was signed into law on Friday, July 18. The Act establishes the first US federal framework for payment stablecoins (read more about the Act in our blog post here). In parallel, the Congress has advanced the Crypto CLARITY Act, a broad-encompassing market structure
Legal
A new US Senate Proposal could significantly change how everyday crypto users are taxed. Under the bill introduced by Senator Lummis on July 3, 2025, payment stablecoins would be treated by the IRS as cash equivalents, and excluded from de minimis exemptions applicable to other digital assets. The bill also
Legal
In a milestone move for the US crypto policy, on June 17, 2025 Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. It’s the first comprehensive federal framework for stablecoins. The key question is whether such a cautious approach addresses the complex realities of
Legal
The GENIUS Act, passed by the Senate on June 17, 2025, prohibits permitted payment stablecoin issuers from offering interest, excluding yield-bearing stablecoins (YBS) from the payment framework and placing them under securities or other financial regulation. While intended to safeguard stability, some argue it may constrain innovation and shift opportunity