We are closer than ever to consolidate the global leadership of the United States in the innovation of digital assets. Next week, the Senate will celebrate its final vote on the National Innovation Law for National Innovation for the United States, the Genius Law, bringing this historical legislation of Stablecoin one step closer to becoming law. After the approval of the Senate, the bill will advance to the Chamber for consideration. This marks a significant step, not only for the cryptographic industry, but for US consumers, investors and the global strength of the US dollar.
The numbers tell the story. Today, more than $ 190 billion in stablcoins backed by dollars are in circulation worldwide, doubling annually. Stablecoins are not speculative cryptographic actives: they are digital dollars that allow low -cost instantaneous transactions anywhere in the world. In the regions that face the devaluation of currencies or authoritarian financial controls, the stablecoins provide access to the economic stability of the US dollar. Not only is this innovation, it is prodemocracy.
Genius law provides the clarity that the industry urgently needs. When establishing sensible guidelines, it guarantees that the established ones maintain a stable value through high quality liquid reserves, regular audits and clear reimbursement rights. These are not excessive burdens: they are reasonable protections already practiced by responsible emitters.
The most important thing is that what Genius law provides is certainty, which allows responsible innovation to flourish while prevents bad actors from undermining the system.
Passing the genius cannot wait. As other nations develop digital currencies from the Central Bank and alternative payment systems designed to avoid the domain of the dollar, the United States faces an option: adopt innovation that is already spreading dollars worldwide, or gives this land to other countries. The legislation provides the framework we need (solid reserve requirements, transparency rules and consumer protections, without suffocating innovation that makes the stables so powerful.
Progress in stable legislation has been bipartisan, which reflects increasing recognition throughout the political spectrum that this technology attends to US interests. Republicans see free market innovation and reduce government intervention. Democrats value the aspects of financial inclusion and consumer protection. Both parties understand that maintaining supremacy in dollars is not partisan, it is patriotic.
Globally, Stablecoins are already making a deep difference. In Argentina, where inflation has exceeded 100%, residents use dollars to preserve their savings. In Ukraine, humanitarian organizations have used them to deliver help instantly when traditional bank channels failed. In Africa and Southeast Asia, entrepreneurs have access to liquidity in dollars and can build businesses that connect with the global economy. Each transaction strengthens the role of the dollar as the world’s reserve currency.
The technological community knows what is at stake. That is why companies of all sizes, from traditional financial institutions to new companies in Silicon Valley, want clarity about the stable. They are not asking for a light regulation or special treatment; They ask for clear rules that allow them to build in the United States, serve American interests and extend US financial leadership worldwide.
Meanwhile, every month that passes, more stable activity moves on the high seas, more innovation occurs outside our borders and more land is given to competitors. The European Union has already implemented Stablecoin guidelines. Singapore, the EAU and others are implementing Marcos to attract this activity.
Stablecoins backed by dollar do not compete with the Federal Reserve; They extend their scope. They do not undermine US banking; They create new customers for it. They do not weaken financial supervision; They make it more effective through programmable compliance and real -time transparency. The stables are fundamental infrastructure, no ideology.
The approval of the Genius law does not require great expenses or bureaucratic complexity. It simply offers clear rules so that American innovation thrives, safeguard consumers and strengthens the global influence of the dollar.
The message to Congress is clear: do not miss this moment. The world will not stop while the United States. With the Genius law, we can ensure that the future of global finances remains called dollars, governed by US values and promoted by our mayor American ingenuity.
