United States Securities and Alternate Fee (SEC) Chair Paul Atkins praised the GENIUS Act throughout a symposium on Tuesday, calling its passage a “seminal” second.
Paul Atkins Celebrates ‘Seminal’ Second in Congress
Talking on the SALT Wyoming Blockchain Symposium 2025, Atkins recommended members of Congress for passing the GENIUS Act final month.
I’m happy to hitch SALT's Wyoming Blockchain Symposium at present to debate the SEC’s Mission Crypto. Tune in at 1:05 p.m. ET to look at: https://t.co/ANwubMwx7s
— Paul Atkins (@SECPaulSAtkins) August 19, 2025
“As we go on, there are a variety of inquiries to be answered, so I salute the oldsters in Congress who’ve handed the GENIUS Act,” Atkins stated, labelling it as a “seminal step for the U.S. Congress and authorities” as an entire.
Regardless of having “a variety of spring cleansing to do on the SEC,” Atkins praised the important thing steps taken towards crypto readability in latest months.
“You’ve wanted it so badly, you’ve paid sufficient in authorized charges and whatnot,” the federal regulator stated. “Not simply to fend off the federal government however to strive to determine the loopy quilt of various opinions, court docket opinions, and statutes…
“I feel there’s a variety of nice concepts we’re setting out on the SEC to implement them as we are able to,” he added.
U.S. Treasury Secretary Calls GENIUS Act ‘Important’
Atkins’ feedback come simply at some point after the U.S. Treasury known as for the general public remark required by the GENIUS Act on how the federal government may assist forestall “illicit-finance dangers” tied to digital property.
Following information of the request for remark, U.S. Treasury Secretary Scott Bessent praised implementing the GENIUS Act as “important” to “securing American management in digital property.”
“Stablecoins will increase greenback entry for billions throughout the globe and result in a surge in demand for U.S. Treasuries, which again stablecoins,” Bessent stated.
U.S. President Donald Trump signed the GENIUS Act into regulation final month in what crypto proponents considered as a key marker for growing a crypto-friendly regulatory framework stateside.
With extra crypto payments heading down the congressional pipeline, it’s nonetheless unclear simply how a lot readability the stablecoin regulation can carry by itself.
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