The White House has unveiled a detailed 168-page report providing recommendations for the regulation of digital assets, including stablecoins and a proposed crypto stockpile. This report, stemming from an executive order by President Trump, aims to create a regulatory framework that acknowledges the potential of blockchain technologies to transform financial systems.

The Senate is set to vote on the GENIUS Act, which aims to establish clear regulations for stablecoins, promoting the U.S. Dollar and enhancing financial innovation. The article critiques various public interest groups that oppose this legislation, arguing that their influence has hindered bipartisan progress on crypto regulation and misled the public about the benefits of stablecoins. It highlights the need for Congress to take decisive action amidst the noise from these advocacy groups.

President Donald Trump signed the GENIUS Act into law, establishing the first major regulatory framework for stablecoins in the U.S. The bipartisan support for the legislation signals a significant shift in the crypto industry's relationship with Washington, aiming to set clear rules for stablecoin issuers and pave the way for broader crypto regulation.

Stablecoins are rapidly expanding, with significant growth in yield-bearing options due to favorable regulatory changes following President Trump's election. Pendle's platform is a key player, facilitating the trading of these assets and capturing a substantial market share. The future outlook suggests a doubling of stablecoin issuance and increased adoption of yield-bearing stablecoins, positioning Pendle for continued success.