On 18 July 2025, the US Securities and Exchange Commission (US SEC) Chairman Paul S. Atkins issued a statement describing US President Trump’s signing of the US GENIUS Act into law as a monumental step forward for crypto assets and financial markets, reiterating the potential of blockchain technologies to revolutionise US financial infrastructure, emphasising the need for clear rules to boost efficiency and lower costs, and inviting market participants to engage with US SEC staff on integrating payment stablecoins into securities markets to advance America’s leadership in crypto innovation.
In the statement titled “Statement on President Trump Signing the GENIUS Act into Law,” US SEC Chairman Paul S. Atkins discussed the law’s broader implications for the sector. “President Trump’s signing the GENIUS Act is a monumental step forward for crypto assets, financial markets, and our country. As I have stated previously, blockchain and crypto asset technologies have the potential to revolutionize America’s financial infrastructure and deliver new efficiencies, cost reductions, transparency, and risk mitigation for the benefit of all Americans. Ensuring that the U.S. is the best and most secure place in the world to invest and do business requires clear rules of the road that allow market participants to adopt emerging technologies with confidence. President Trump and the entire Administration are sending a powerful message that America is ready to embrace crypto asset innovation.”
Atkins further detailed the Act’s role in the ecosystem: “The GENIUS Act provides necessary guidance for a crucial element of the emerging crypto asset ecosystem. Clear payment stablecoin regulation allows companies and individuals to transact in ways that boost efficiency and lower costs. Payment stablecoins will play a significant role in the securities industry moving forward, which is why I have asked SEC staff to consider whether guidance, rulemaking, or other steps may be helpful to accommodate SEC registrants utilizing payment stablecoins, including for settlement and margining. I invite market participants to engage with the SEC staff on what is needed for our securities markets to take advantage of the GENIUS Act’s full potential.”
Concluding on a forward-looking note, Atkins aligned the development with national objectives: “Today’s developments are a major milestone in achieving President Trump’s goal of making America the “crypto capital of the world.” The Trump Administration and Congress have thus far made terrific progress, and there is more work to do. The SEC will work diligently to consider any changes needed to achieve regulatory clarity. Together we will make America the center of crypto asset innovation and strengthen the financial markets for the benefit of all Americans.”
(Source: https://www.sec.gov/newsroom/speeches-statements/atkins-statement-genius-act-071825)
