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![news__gate Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::183274607.png) NewsGate [@news__gate](/creator/twitter/news__gate) on x XXX followers
Created: 2025-07-18 14:23:36 UTC

- SEC Chair Paul Atkins' support for the GENIUS Act, a legislative proposal aimed at creating a regulatory framework for stablecoins, reflecting a shift from the previous SEC chair Gary Gensler's aggressive stance against crypto, as noted in a 2024 AP News report on Atkins' nomination by Trump.

- This development follows a 2025 Congressional research finding (Ars Technica, July 15) that the GENIUS Act lacks robust consumer protections, raising concerns about potential financial risks, especially after crypto exchange collapses like FTX, where billions were lost due to inadequate regulation.

- Market data from Cointelegraph (July 17) shows a crypto market surge to $3.8–4 trillion, driven by Bitcoin and XRP gains, suggesting investor optimism about regulatory clarity, though long-term impact hinges on the Act's execution and oversight.


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**Related Topics**
[stablecoins](/topic/stablecoins)
[donald trump](/topic/donald-trump)
[paul atkins](/topic/paul-atkins)
[sec](/topic/sec)

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