The burgeoning crypto industry scored a major win in Washington, D.C., last week with the passage of the GENIUS Act, which could bring stablecoins and digital currency mainstream, and Les Borsai, the co-founder of Wave Digital Assets, told Newsmax that the legislation will benefit the United States in many ways.
“A stablecoin is a digital currency that is pegged to the U.S. dollar in the simplest of terms,” Borsai told Newsmax’s “National Report” Tuesday. “We’re going to use stablecoins globally, so it’s going to work in favor of the dollar.”
The bill establishes guardrails and consumer protections for stablecoins, with its name standing for “Guiding and Establishing National Innovation for U.S. Stablecoins.”
Read more at Newsmax© 2025 Newsmax. All rights reserved.
