U.S. House Passes GENIUS Act Establishing Federal Stablecoin Regulations

Global crypto policies have entered a new phase as jurisdictions balance innovation and supervision with the passed bills in the U.S. The U.S. House has passed the GENIUS Act, establishing federal stablecoin regulations. Executives from Ondo Finance, Bitpanda, and Gluwa have cited rising institutional confidence in the wake of this development.

Ian De Bode, Chief Strategy Officer at Ondo Finance, described the GENIUS Act as “the beginning of a new regulatory era,” highlighting bipartisan cooperation and increased institutional readiness. He emphasized that legal clarity has long been the key obstacle to full institutional participation in the digital asset industry. De Bode also noted the significant role played by Patrick McHenry, Vice Chair of Ondo and former Chair of the House Financial Services Committee, in advancing this policy.

Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, pointed out that regulatory movement in Washington is shaping investor sentiment. He noted that this breakthrough is fueling broad market optimism in Bitcoin (BTC) and altcoins, emphasizing the renewed interest in altcoins like XRP and DOGE. Enzersdorfer-Konrad stated that broad rallies need confidence, which is now being fostered by the regulatory clarity provided by the GENIUS Act.

Tae Oh, CEO of Gluwa, focused on the stablecoin provision in the GENIUS Act. He stated that by establishing the first federal framework for USD-pegged stablecoins, this development signals a strong commitment to responsible innovation, consumer protection, and long-term industry growth. Oh also highlighted the bill's support for future adoption in payments, decentralized finance (DeFi), and financial infrastructure.

Some industry analysts view the GENIUS Act’s passage as part of a larger trend toward regulatory convergence across major economies. The European Union’s Markets in Crypto-Assets Regulation (MiCA) and similar efforts in Asia suggest that lawmakers globally are seeking to align digital asset oversight with existing financial systems, reducing regulatory arbitrage and improving cross-border compatibility.

However, the regulation also exposes a divide between countries that treat crypto primarily through securities law enforcement and those that treat it through financial infrastructure reform. The ability of jurisdictions to define clear supervisory roles across banking, securities, and commodities may determine how effectively they integrate blockchain-based systems into their economies.

Traditional financial institutions are reportedly monitoring developments for potential entry points, especially in areas such as tokenized treasuries and compliant stablecoin issuance, which may now fall under clearer federal rules. This regulatory clarity is expected to shape how infrastructure and securities laws intersect globally, potentially leading to a more integrated and stable digital asset market.