01 The GENIUS Act at a Glance Last Friday, President Trump signed the GENIUS Act in the Oval Office, creating the first-ever federal statute governing stablecoins in the United States. For crypto natives, stablecoins have long been the rails of on-chain finance; now they enjoy explicit, institutional legitimacy in the eyes of U.S. regulators. In the long arc of the industry, this is crypto’s “ChatGPT moment”—the first product category that is both mainstream-useful and regulatorily unambiguou...
