Crypto Week Sparks Insights: Experts Say GENIUS Act is Just the Beginning

The announced Crypto Week has wrapped up with notable regulatory advancements, including the approval of the eagerly awaited GENIUS Act. Yet, industry specialists assert that this regulatory clarity is merely a stepping stone for future developments.

“Clarity is merely a launch point, not a conclusion,” Leo Fan, co-founder of Cysic, informed Cointelegraph. He emphasized the necessity for scalable blockchains, immediate verification mechanisms, and reliable custody for enhanced integration.

Fan acknowledged that Crypto Week provided “legal clarity,” with the GENIUS Act officially recognizing that not all crypto assets qualify as securities. He described this as a “foundational shift” that offers a “green light for developers, investors, and institutions to innovate and implement with clearer legal frameworks.”

Fan stated that cryptocurrency is finally being acknowledged as essential infrastructure, laying the groundwork for practical integration in finance, identity, and privacy systems. “With the legal framework solidifying, the avenue for real-world integration is clearer,” he mentioned.

Related: GENIUS’ restriction on stablecoin yield will elevate demand for Ethereum DeFi — Analysts

GENIUS approval signifies DeFi is ‘here to remain’

Altan Tutar, co-founder and CEO of MoreMarkets, characterized the GENIUS Act as “the most promising indication yet that DeFi is here to remain,” noting that the US is narrowing the gap with Asia in crypto adoption.

Tutar expressed that the legislation would promote stablecoin adoption “in a significant manner,” allowing traditional assets like gold or oil to be tokenized and bringing DeFi into new realms.

Nonetheless, he warned that regulatory clarity favors institutions more than everyday investors and emphasized the necessity of creating payment systems, applications, and earning avenues for retail investors to avert crypto’s version of a “dot-com bubble.”

Similarly, Ryan Chow, CEO of Solv Protocol, stated that Crypto Week “established the legal groundwork for digital assets for legal clarity and structural legitimacy,” concluding years of regulatory ambiguity that impeded institutional adoption.

He referred to the GENIUS Act’s differentiation between decentralized digital assets and conventional securities as “monumental,” instilling confidence in builders and investors to innovate.

Looking forward, he remarked, “clarity is essential, but credibility is what forms markets,” urging the development of “Bitcoin-backed credit, tokenized treasuries, and yield connected to tangible assets” with transparent risk assessment and compliance from the outset.

Related: GENIUS Act prevents Big Tech, banks from dominating stablecoins: Circle exec

Regulation alone isn’t sufficient

Will K, CEO of VOOI and co-founder of Symbiosis.Finance, also underscored that regulation alone isn’t adequate. He highlighted the necessity for developed infrastructure, streamlined user experiences, and AI-driven tools that equalize the playing field.

Without these advancements, crypto risks remaining a niche ecosystem rather than evolving into a global financial standard, Will cautioned. “The industry must cease developing solely for crypto enthusiasts and begin creating for everyone else.”