Interview Insights on the GENIUS Act
A recent interview with Will Beeson, the CEO of Uniform Labs and former executive at Standard Chartered, shed light on the potential ramifications of the new US GENIUS Act on the cryptocurrency sector, particularly concerning stablecoins and the tokenization market.
Impact of the GENIUS Act
The GENIUS Act, aiming to regulate digital assets, includes a significant clause banning yield-bearing stablecoins, which effectively bars users from generating interest on their digital dollar holdings. Beeson argues that this policy could inadvertently accelerate institutional investment into tokenized real-world assets (RWAs) as the demand for yield shifts.
“This policy could inadvertently accelerate institutional investment into tokenized real-world assets as the demand for yield shifts.” – Will Beeson
