Recently, the highly followed GENIUS bill was passed during Crypto Week, bringing significant breakthroughs to the regulatory environment of the crypto assets industry. This legislative progress not only provides legal protection for developers and investors but also points the way for the future development of the entire industry.

Cysic co-founder Leo Fan stated that while the clarification of the legal framework is an important starting point, the industry still requires scalable blockchain technology and trusted custody services for deeper integration. Fan emphasized that the GENIUS Act officially recognizes that not all Crypto Assets fall under the category of securities, which provides greater operational space for industry participants.

It is worth noting that the bill views Crypto Assets as infrastructure, a positioning that is expected to promote further integration of financial, authentication, and privacy protection systems. Altan Tutar, co-founder of MoreMarkets, believes that this bill provides a positive signal for the long-term development of decentralized finance (DeFi), while also potentially promoting the widespread use of stablecoins and even facilitating the tokenization of traditional assets such as gold or oil.

Ryan Chow, CEO of Solv Protocol, pointed out that the legislative achievements of Crypto Week provide a solid legal foundation for digital assets, effectively eliminating regulatory uncertainty, which will undoubtedly boost the confidence of innovators. Meanwhile, industry expert Will K emphasized that achieving the globalization of Crypto Assets still requires more mature infrastructure and support from artificial intelligence tools.

With the passage of the GENIUS Act, the Crypto Assets industry has entered a new stage of development. The clarification of the regulatory environment not only provides industry participants with clearer operational guidelines but also lays the foundation for future innovation and development. However, to fully unleash the potential of encryption technology, the industry still needs to continue its efforts in terms of technical infrastructure and practical application scenarios.