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Mastercard Global Policy Chief: The Genius Act is a "turning point" for the mainstreaming of stablecoins.
[Mastercard Global Policy Lead: The Genius Act is a "turning point" for the mainstreaming of stablecoins] Jesse McWaters, Mastercard's Global Policy Lead, stated that the United States has reached a "turning point" in stablecoin regulation and digital asset adoption. The passage of the Genius Act ( has become a catalyst for institutional participation, marking a "new era of clarity and confidence in digital asset regulation." The bill 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 United States to become law.