The delay in concluding the stablecoin regulations could finally fortify the digital asset market instead of weakening it, as per Christopher Louis Tsu, the CEO of Venom Foundation . Several onlookers considered the missed deadline for the GENIUS Act a crucial regulatory setback.
Nonetheless, in this new statement, Tsu has categorized this development as an opportunity for policymakers to learn from several territories that have already enacted functioning models. He added that the stablecoin market has kept expanding irrespective of regulatory uncertainty in the U.S.
GENIUS Act Delay Shifts Regulatory Lead to Hong Kong, Europe, and UAE
While the GENIUS Act delay is widely viewed as a regulatory failure, Christopher Louis Tsu has categorized it as a notable chance for lawmakers to expand their knowledge by looking at the other jurisdictions that have implemented working models.
In the meantime, Europe, the United Arab Emirates (UAE), and Hong Kong have moved forward with inclusive licensing regimes. Thus, the global stablecoin network is moving beyond the United States. The GENIUS Act required the top U.S. regulators to issue conclusive stablecoin policies within one year of the implementation of the law.
They include the Office of the Comptroller of the Currency (OCC), the Federal Reserve, Treasury, the National Credit Union Administration (NCUA), and the Federal Deposit Insurance Corporation (FDIC). Though regulators released many proposed regulations during that phase, none of them have reached finalization. Consultation periods are still open, taking into account the proposal of the OCC that will keep accepting feedback until 21st of August.
Venom CEO Advises U.S. Regulators to Refine Rules in Line with Efficient Models Operating Abroad
Keeping this in view, the full implementation of the law is currently anticipated to default to 18th of January next year. Tsu also mentioned that the delay impacted the wider stablecoin industry, which is now valued at almost $310B.
Issuers have been continuously developing compliance projects in line with the draft regulations, whereas U.S. financial entities are still cautious about investing significant amounts until the implementation of clear rules. According to the Venom Foundation CEO, Hong Kong has become one of the top jurisdictions following the implementation of its Stablecoins Ordinance in August 2025.
Additionally, Europe and the UAE have also bolstered inclusive regulatory settings with the Markets in Crypto-Assets (MiCA) and Payment Token Services Regulation frameworks. Therefore, Tsu argued that the ongoing halt delivers a valuable opportunity to U.S.-based policymakers to redefine their approach by looking at efficient frameworks working abroad and maintain leadership among the worldwide financial hubs.
