Experts Say Obstacles Remain Despite Signing of US Stablecoins Law
The United States has taken a big step toward regulating stablecoins with the signing of the GENIUS Act by President Donald Trump on July 18, 2025. This is the first federal law to set clear rules for stablecoins, which are digital tokens linked to the U.S. dollar. Supporters believe the law could help make stablecoins part of everyday payments and money transfers, but experts warn that it will not be an easy road. Many large companies are already exploring ways to join the stablecoin market. Big financial names like Bank of America, Citigroup, and Fiserv have shown interest, along with…