Risks for other countries in the new US crypto laws: the opinion of a deputy
Date: 2025-08-01 Author: Oliver Abernathy Categories: IN WORLD
According to the deputy head of the information policy committee, the United States, having adopted the law on stablecoins (GENIUS Act), chose a tough approach to controlling the crypto business. He commented on the article by US Treasury Secretary Scott Bessent in The Washington Post, where the latter stated that President Donald Trump's policy is aimed at turning the country into a world leader in the cryptocurrency market. Bessent noted that the current administration put an end to the "war on cryptocurrencies" that was initiated under Joe Biden and created conditions for strengthening the US position on the global crypto scene.
Gorelkin emphasized that, unlike China and Russia, which focused on developing digital versions of national currencies, the United States intends to strictly regulate stablecoin issuers and take control of several ecosystems associated with cryptodollars that are successfully operating on the global market. In his opinion, in this way, the American authorities are seeking to strengthen their influence on global financial flows.
After Trump signed the GENIUS Act in July, the Senate is considering the CLARITY Act, which is aimed at further regulating digital assets. If it is adopted, all companies issuing dollar stablecoins will effectively be under the control of the US financial system.
The deputy warned that as a result of such measures, dollar stablecoins could become more dangerous for residents of countries that Washington considers rivals to its hegemony. The desire of the United States to establish itself as the "world crypto capital" justifies, according to Gorelkin, the use of any methods to achieve the goal.
Against this backdrop, in March of this year, Tether, the company that issues the world's largest stablecoin USDT, froze cryptocurrency worth 2.5 billion rubles in wallets on the Russian exchange Garantex. American authorities accuse the platform of money laundering and assisting criminal organizations, as well as violating sanctions.
In July, Tether blocked another $1.6 million USDT, which were located in the Gaza Strip and were associated with the BuyCash network, which the US Department of Justice suspects of financing terrorist groups. The funds were reissued for use within the United States.
Thus, the new American crypto laws not only strengthen domestic controls, but also create risks for international players, especially those who oppose Washington's policies. This highlights the trend towards tightening regulation of digital currencies and increasing US influence on the global crypto market.
