GENIUS Act Stablecoin Rollout Trumps CLARITY Act Market Attention

Austin Campbell, an adjunct professor at New York University's Stern School of Business, thinks that investors should pay more attention to the rollout of stablecoin rules under the GENIUS Act. According to him, this is what will shape the direction of the U.S. crypto market.

Campbell believes that while everyone is focused on the CLARITY Act, a crypto market-structure bill, the actual implementation of the stablecoin framework under the GENIUS Act matters more. He thinks that the specific implementation of a stablecoin regime based on this act will affect the broader crypto market going forward.