Cryptocurrencies have long existed in a legal and financial gray zone — praised as disruptive innovations, dismissed as speculative bubbles and often relegated to the periphery of serious capital markets. That era is over. New US federal regulation of digital assets, especially stablecoins, signals a shift from speculation to mainstream investment. Legislation known as the Genius Act is one of three cryptocurrency bills currently advancing in Washington with President Donald Trump’s support. This is not merely a regulatory footnote. It is a structural turning point.

Cryptocurrencies have long existed in a legal and financial gray zone — praised as disruptive innovations, dismissed as speculative bubbles and often relegated to the periphery of…

Congress and President Donald Trump have taken steps toward regulating digital currency with the passage of a package of bills on Capitol Hill.