The final voting day has arrived on the GENIUS Act, the long-awaited US cryptocurrency-friendly stablecoin law.
Accordingly, this legislation lays the groundwork for the first major federal regulation of stablecoins, with the U.S. Senate set to hold its final vote today.
While the law is expected to pass the US Senate, Chainlink (LINK) CEO Sergey Nazarov made important statements regarding the GENIUS law.
Accordingly, Sergey Nazarov argued that stablecoin regulation in the US will stimulate global growth and raise the bar in terms of transparency and cross-chain functionality.
Stating that the impact of the stablecoin law in the US will be seen worldwide, the famous CEO said that stablecoins will need proof of reserves and interchain connectivity in order to be used as a payment source.
Stating that Chianlink comes into play at this point, Nazarov explained that Chainlink is currently the only platform that offers both proof of reserve and inter-chain connectivity in a single system.
The famous CEO says that at a time when stablecoins are preparing to play a central role in the future of finance, Chainlink is preparing to become the only platform that keeps stablecoins secure, connected and compatible from the early stages.
Stablecoin regulation in the US will kick off a wave of new stablecoins in the US and all over the world. They will all need proof of reserves and cross-chain connectivity to be used as a source of payment for the growing digital asset economy and tokenized funds.
Chainlink is…
— Sergey Nazarov (@SergeyNazarov)
June 17, 2025
*This is not investment advice.
