GENIUS Act
The FDIC has opened a formal rulemaking process to create procedures allowing depository institutions to form and operate stablecoin subsidiaries under the GENIUS Act. The move is the first concrete federal step toward integrating bank-issued stablecoins into the U.S. financial system.
The GENIUS Act signed into law in 2025 creates a national regulatory framework for US payment stablecoins. It promises to simplify compliance for fintech firms and could revolutionize payment systems, offering consumers smoother transactions. Platforms like Bitlet.app, with its crypto installment solutions, stand to benefit from this innovation by making crypto more accessible and user-friendly.
Coinbase has initiated a campaign aimed at preventing the banking industry's attempts to reverse important provisions of the GENIUS Act, preserving crypto innovation and user protections. Learn more about how this impacts the crypto market and how Bitlet.app offers innovative ways to buy cryptocurrencies.
Despite the introduction of the GENIUS Act and other positive policy news, cryptocurrency prices experienced a decline. Here’s an analysis of what’s causing the drop and how investors can navigate the volatile market.
Tether announces its new U.S. stablecoin USAT, led by CEO Bo Hines, supported by Anchorage Digital and Cantor Fitzgerald. This move follows the Genius Act regulating stablecoins and targets use cases like remittances and online payments.
The U.S. Department of the Treasury has announced a request for public comments to help shape the implementation of the GENIUS Act, focusing on stablecoin regulation frameworks. This move aims to ensure a well-regulated and innovative stablecoin market in the United States.
Standard Chartered has increased its Ether price prediction to $7,500 by the end of 2025, driven by industry growth and regulatory support like the Genius Act. Recent Ether price surges highlight growing crypto acceptance.
The GENIUS Act, the first U.S. blockchain regulation law, provides legal clarity for dollar-backed stablecoins, promising wider adoption and benefits such as higher savings yields and faster business payments. While new risks emerge, major corporations are exploring stablecoin uses. Alongside related legislation and market trends, the crypto landscape is evolving significantly. Platforms like Bitlet.app offer innovative options like Crypto Installment services to capitalize on these changes.
On July 17, 2025, the U.S. House of Representatives approved the GENIUS Act, a significant step toward regulating U.S.-dollar-pegged stablecoins. Expected to be signed into law, the Act expands the CFTC's oversight of crypto markets, marking a new era in crypto regulation.
The signing of the GENIUS Act by President Trump has sparked a surge in crypto-linked stocks and driven Ethereum and Bitcoin prices higher. The new regulation on stablecoins fosters a safer environment, encouraging investors to explore decentralized finance options and pushing the crypto market cap to $4 trillion.