Miles Jennings, global head of policy at a16z crypto, said the U.S. GENIUS Act would help cement the permanence of blockchain-based finance by strengthening the regulatory framework for stablecoins. He also said the measure would support stability in global markets. Jennings made the remarks at the Global Blockchain Summit in Seoul, South Korea. According to his comments, the bill would make the shift toward onchain finance harder to reverse. The report was cited by Techub News and attributed to Crypto Briefing.
Miles Jennings, global head of policy at a16z crypto, said the U.S. GENIUS Act would cement the permanence of blockchain finance by reinforcing stablecoin regulation and would also support stability in global markets.
Jennings made the remarks at the Global Blockchain Summit in Seoul, South Korea. He said the bill would make the transition toward onchain finance difficult to reverse.
The item was reported by Techub News and cited Crypto Briefing.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
