TechFlow, July 20 — According to DL News, Jesse McWaters, Mastercard's global policy lead, said the U.S. has reached a "turning point" in stablecoin regulation and digital asset adoption. The passage of the Genius Act has become a catalyst for institutional participation, marking a "new era of regulatory clarity and confidence in digital assets."
The bill allows regulated entities—including banks and corporations—to issue dollar-backed stablecoins, provided they meet strict requirements around reserves, disclosures, and compliance. This is the first standalone cryptocurrency legislation to become law in the United States.
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