The U.S. just passed the GENIUS Act, giving crypto projects more legal clarity to grow.
- GENIUS Act says not all crypto assets are securities.
- Experts call this legal clarity a foundation, not a finish line.
- New rules open doors for DeFi, digital identity, and tokenized assets.
GENIUS Act Gives Crypto Legal Recognition
The GENIUS Act was signed into U.S. law last week. It provides clear legal rules for stablecoins and other digital assets. Over 300 House members voted for it. The law says that not every crypto token is a security. This matters because different rules apply to securities.
Leo Fan, co-founder of Cysic, said the law gives developers and investors a “green light” to build with more confidence. He believes crypto will now grow faster in areas like digital identity, finance, and privacy tools.
DeFi Sees Long-Term Boost
Altan Tutar, CEO of MoreMarkets, said the GENIUS Act is proof that DeFi is here to stay. He expects better access to digital dollars and tokenized real-world assets such as gold or oil. He also warned that efforts must focus on tools for regular users, not just institutions.
Ryan Chow, CEO of Solv Protocol, called the law’s clear rules “monumental.” He said projects can now develop tokenized treasury bonds and crypto credit with built-in compliance. But he added that legal clarity isn’t enough — strong products still need trust and transparency to succeed.
Next Steps: Build for Everyone
Will K, CEO of VOOI, said regulation is only part of the answer. To grow the industry, developers must focus on simpler apps, stronger infrastructure, and AI tools. He said many crypto tools today are too complex for everyday users.
The GENIUS Act forms the legal base, but more work is needed. Experts agree the path is open for innovation in finance and technology — if it’s built with user needs in mind.
Source: cointelegraph.com
