GENIUS Becomes Law: What It Took to Pass the First Rules for Stablecoins in the U.S.

In this episode of the a16z crypto podcast, Robert Hackett hosts Miles Jennings, Michael Reed, and Ben Napier to discuss the GENIUS Act, which aims to provide a regulatory framework for stablecoins in the U.S. The conversation covers the bipartisan support the bill received in the House, the drama surrounding its passage due to concerns over a central bank digital currency (CBDC), and the potential winners and losers following its enactment. The speakers also touch on the CLARITY Act, a market structure bill, and its future prospects in the Senate, emphasizing the importance of establishing a regulatory framework for the underlying blockchain infrastructure to support the growth of stablecoins.