What is the GENIUS Act?

In July 2025, the United States enacted its first comprehensive stablecoin regulatory framework—the GENIUS Act. This law mandates that stablecoin issuers fully back their coins 1:1 with U.S. dollars or other secure assets and requires them to disclose reserve information on a regular basis. Stablecoins that reach a specified market capitalization threshold must also undergo independent audits. The introduction of this legislation marks a pivotal advancement in the United States’ approach to stablecoin market compliance.

Significance of the SEC’s “Project Crypto”

In 2025, the U.S. Securities and Exchange Commission (SEC) launched “Project Crypto” to clarify how tokens are classified—whether as securities or commodities—and to streamline certain compliance processes. Shifting from a traditionally enforcement-driven model, the SEC is now promoting industry growth under a clear, transparent regulatory framework.

Australia Tightens Oversight: Binance Australia Faces Audit

In Australia, regulators have directed Binance Australia to appoint an independent auditor to thoroughly review its anti-money laundering and risk management systems. This development underscores the increasing global emphasis on transparency and compliance within crypto platforms.

How Should Newcomers Adapt to These Changes?

• Select stablecoins that meet regulatory requirements and provide regular reserve disclosures.
• Verify that trading platforms have completed compliance audits to safeguard your assets.
• Monitor regulatory updates to proactively manage risks from policy changes.