U.S. crypto legislation fuels strong market growth in Q3
The third quarter of 2025 marked the first time that U.S. laws offered a unified framework for digital assets. The GENIUS Act, passed in July, imposed stringent requirements for stablecoin issuers. Reserves are now supported by cash or short-term Treasury securities, with monthly disclosures, and large issues are subject to audit.
The regulation was transferred to the insured banks and the Office of the Comptroller of the Currency, and stablecoins became regulated. These new regulations led to a surge in the supply of stablecoins, which became the main driver of liquidity in decentralized finance (DeFi) and market momentum. Similar to this, the House voted on the CLARITY Act, awaiting Senate approval, to eliminate agency wrangling…
