The GENIUS Act: Too Little, Too Late for US Crypto Dominance

The U.S. Senate’s recent passage of the GENIUS Act, aimed at regulating stablecoins and bolstering consumer protection in the crypto market, has sparked debate about its impact on the future of digital currencies. While this landmark legislation is a positive step forward for the US government, it falls short of the ambitious goals needed to reclaim its position as a global crypto leader. Experts argue that the act’s limited scope and delayed implementation leave room for other regions to cement their dominance in the decentralized finance arena.