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SEC Chairman Paul Atkins revealed in an interview on Fox Business Channel that the U.S. Congress passed and the President signed the landmark "The Genius Act" at the end of last year. This is the first time the U.S. government has formally recognized crypto assets through legislation, providing a clear regulatory framework for stablecoins.
Atkins emphasized that Congress is actively advancing legislation on the cryptocurrency market structure to enhance market certainty, which aligns with Trump's goal of building the "World Cryptocurrency Capital." He expressed optimism that the relevant bills will be passed and signed this year, believing this will significantly promote the development of the crypto market and strengthen investor protection.
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