The GENIUS Act marks one year as Selig, Anchorage and Lummis call for CLARITY Act rules on crypto markets and customer protection.
The GENIUS Act has reached its one-year anniversary as U.S. crypto policy returns to the Senate agenda. Officials and industry firms are now pointing to stablecoin rules as a model for wider market reform.
Mike Selig said the law helped make America the crypto capital of the world. He also said the CFTC will build on that work by helping deliver CLARITY.
Anchorage Digital said the law tested whether the U.S. could bring crypto activity back onshore. The firm said institutions have committed capital under the new stablecoin framework.
Senator Cynthia Lummis also linked the debate to customer protection after past crypto bankruptcies. She said the CLARITY Act would fix rules that hurt users on failed platforms.
GENIUS Act Marks One Year
Mike Selig said the GENIUS Act changed the U.S. position in crypto. He thanked President Donald Trump and Senator Bill Hagerty for their leadership. His post framed the law as a turning point for U.S. digital asset policy.
One year after the GENIUS Act became law, America is the crypto capital of the world. Thank you, @POTUS and @SenatorHagerty, for the leadership that made it possible. The @CFTC will build on that leadership by helping to deliver CLARITY for the American people. https://t.co/ePAMB4TqN0
— Mike Selig (@ChairmanSelig) July 18, 2026
The GENIUS Act focused on stablecoin rules and federal oversight.
Supporters say the law gave firms a clearer path to operate in the country. They also say it helped move activity back into regulated U.S. markets.
Anchorage Digital said the law answered an important policy question.
The firm said the U.S. showed it could onshore a growing industry through legislation. It added that major stablecoin issuance has moved onto federally supervised American platforms.
Institutions Move Under U.S. Rules
Anchorage Digital said institutions have committed real capital since the law passed. It also said global companies have chosen U.S. infrastructure for digital asset activity. The comments point to stronger business use under the stablecoin framework.
The GENIUS Act was a test: could the U.S. onshore a growing industry, which had been pushed outside the U.S. regulatory perimeter, through thoughtful legislation?
One year in, the answer is clear: Institutions have committed real capital, global companies have chosen U.S.…
— Anchorage Digital ⚓️ (@Anchorage) July 18, 2026
Stablecoins remain central to the policy discussion because they connect crypto with payments.
Clear rules can help issuers, custodians, and financial firms manage compliance. They can also make it easier for institutions to assess operational risk.
However, Anchorage Digital said more work remains for broader digital asset markets.
The firm renewed its call for Congress to pass the CLARITY Act. It said similar rules are needed beyond stablecoins.
Read also: CLARITY Act Vote Puts XRP Commodity Status and Ripple Strategy in Focus
CLARITY Act Returns to Focus
The CLARITY Act would create wider rules for digital asset markets. It is expected to define how assets fall under SEC or CFTC oversight. It would also set clearer standards for exchanges and token issuers.
Senator Cynthia Lummis said lack of regulation had real costs for customers. She cited Celsius, Voyager, and FTX as examples from past bankruptcies. In those cases, customer assets were treated like corporate property.
Lummis said the CLARITY Act would address that rule. She said protecting customers in bankruptcy should not be a partisan issue. The next debate may show whether Congress extends the GENIUS Act model to the wider crypto market.
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