Mastercard Policy Chief: U.S. Has Reached a 'Turning Point' on Stablecoin Regulation and Digital Asset Adoption

BlockBeats News, July 20th, according to DLNews, Jesse McWaters, Global Policy Lead for Mastercard, stated that the U.S. has reached a "turning point" in stablecoin regulation and digital asset adoption. The passage of the "Genius Act," serving as a catalyst for institutional participation, marks a "new era of regulatory clarity and confidence in digital asset regulation." This act allows regulated entities (including banks and corporations) to issue dollar-backed stablecoins under strict reserve, disclosure, and compliance requirements. This is the U.S.'s first specialized cryptocurrency legislation to become law.