The recently-signed GENIUS Act is intended to convince crypto skeptics that stablecoins are in fact safe. If a company issues $100 million in stablecoins, the new law requires that they actually have $100 million in safe assets like short-term Treasury bills in the bank, so that when you want to convert coins to actual real dollars, you can.

U.S. banking giant JPMorgan partnered with Coinbase on Wednesday to allow customers to fund their wallets using its Chase credit cards and buy cryptocurrency on the exchange starting in fall 2025.