U.S. Stablecoin Delay Benefits Global Crypto Markets, Says Venom CEO
The delay in concluding the stablecoin regulations could finally fortify the digital asset market instead of weakening it, as per Christopher Louis Tsu, the CEO of Venom Foundation. Several onlookers considered the missed deadline for the GENIUS Act a crucial regulatory setback. Nonetheless, in this new statement, Tsu has categorized this development as an opportunity for policymakers to learn from several territories that have already enacted functioning models. He added that the stablecoin market has kept expanding irrespective of regulatory uncertainty in the U.S.