The crypto industry has just reached the main milestone. US President Donald Trump has officially signed the Genius law into law, a step COINBASE CEO Brian Armstrong Calling the beginning of the financial revolution.
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Spoke from the white building yard on Interview with CNBCArmstrong said the new law could change how the world handled payments and eventually bring financial systems to modern times.
Stablecoin gets clear legal support and rules
That Genius actions Recognize legally stablecoin and provide a clear framework of regulations for how they can be used. This digital asset, usually bound to a stable currency such as the US dollar, is now regulated to play a far greater role in payment.
Armstrong explained that the law can help replace the outdated financial system with faster, cheaper, and can be accessed from anywhere in the world.
He also shared interviews on social media to strengthen his message.
However, Armstrong explained that more work must be done.
Next Objective: Law -Critenity
The crypto industry is now diverting its focus to the law of clarity, a broader bill aimed at regulating more complete cryptocurrency.
President Trump has asked the congress to bring the bill to his desk September 30. Armstrong said Coinbase would work with other companies in the industry to help make it happen.
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Mastercard says this is a turning point
The impact of the genius law is also recognized by traditional financial leaders. Mastercard praised the law in a new article written by executive vice president Jesse McWaters.
He called it a turning point for stablecoin and said it brought clarity of the very necessary regulations and confidence in the digital asset room.
McWaters Also points to the global momentum that develops behind stablecoin. He highlighted the rules of the European Union Mica, along with the framework of Hong Kong and UAE, as a sign of a coordinated shift towards innovation in digital payments.
What does this mean for the future of Crypto
Now Stablecoin has legal recognition in the US, the country laid the basis for leading the next wave of financial innovation. This asset can offer smoother and more affordable transactions for individuals and businesses.
When coinbase and other crypto leaders encourage the next round of law, the message is clear: the rate of change increases, and digital assets become an important part of the future of global finance.
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