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Crypto's Wild West Era Is Over
The GENIUS Act brings crypto out of the shadows and into the American financial system.
Loved by libertarians, feared by bankers, and mocked by lawmakers, it was treated like a side project of the internet, too weird to regulate and too volatile to embrace. The U.S. House of Representatives has officially passed the GENIUS Act, a landmark bill that sets federal rules for stablecoins—the digital currencies pegged to the U.S. dollar. At a time when countries like China are racing to launch their own state-backed digital currencies, this law sends a clear message: America won’t be left behind.
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