Mastercard policy chief: The US has reached a "turning point" in stablecoin regulation and digital asset adoption.

On July 20, according to DLNews, MasterCard's Global Policy Lead Jesse McWaters stated that the United States has reached a "turning point" in stablecoin regulation and digital asset adoption, with the passage of the Genius Act acting as a catalyst for institutional participation, marking a "new era of clarity and confidence in digital asset regulation." The act allows regulated entities (including banks and businesses) to issue dollar-backed stablecoins, provided they meet strict reserve, disclosure, and compliance requirements. This is the first cryptocurrency-specific legislation in the U.S. to become law.

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