Genius Act vs. MiCA – Stablecoins Between the US and EU
In this episode of Bitcoin, Fiat & Rock’n’Roll, we dive into one of the hottest topics in crypto regulation: the newly passed US stablecoin legislation – the Genius Act. But we don’t stop there. Together with Anja von Rosenstiel, we go beyond the headlines and compare the Genius Act with MiCA – the EU’s Markets in Crypto-Assets Regulation.
What are the key differences between stablecoin regulation in the US and the EU? What do they mean for issuers, users, and central banks – especially the ECB? And why is the US seemingly opening its doors to global stablecoins while the EU remains hesitant?
Anja von Rosenstiel is uniquely qualified to answer these questions. She’s a licensed attorney in both Germany and the US, counsel at FinLaw in Frankfurt, adjunct professor at Boston University, and a research fellow at the Decentralization Research Center. Together, we also co-authored an article on the topic in Frankfurter Allgemeine Zeitung – linked in the show notes (English version included).
In this episode, we discuss: • The content and implications of the Genius Act – and why it served as a “catalyst” for broader US crypto legislation • Key differences in issuer oversight, reserve requirements, capital obligations, and redemption rights • Why the Genius Act seems more innovation-friendly than MiCA – but comes with its own trade-offs • The strategic contrast: the US aiming for stablecoin dominance, while the EU focuses on restriction and control • What the EU needs to do now to stay relevant in the global stablecoin race – including ideas for ECB involvement
This is a deep dive for anyone interested in stablecoins, regulation, and the global future of digital money.
🎧 Tune in, subscribe, and share!
Article on Genius vs MiCAR in FAZ
English version of the article on Genius vs MiCAR in FAZ
Bitcoin, Fiat & Rock'n'Roll Website
Bitcoin, Fiat & Rock'n'Roll Telegram Channel
Relai*: Buy Bitcoin with Relai – you can do a one-time purchase or savings plan: Click here. Use the referral code "ROCK" to reduce transaction fees by 0.1% while supporting Bitcoin, Fiat & Rock'n'Roll.
Value4Value Podcast Streaming: Support our podcast by listening to our episodes on the Fountain Podcast App. This way, if you wish, you can support us "Value4Value" while listening to the podcast. You can find us on the Fountain Podcast App here: Click here
Disclaimer: The content of this podcast reflects the private opinions of the hosts, serves exclusively for general information purposes and does not constitute investment advice. Always remember: Do your own research - inform yourself before making any investment decisions, such as buying Bitcoin. First try to understand what Bitcoin is and how to store it. This podcast does not provide financial advice. Note that the co-hosts might be invested in crypto assets. Read more on our website: Click here
All links marked with "*" are affiliate links. If you use these links for purchase, the podcast receives a small share of the revenue without any additional costs to you. On the contrary, affiliate links often include discount promotions, so you can even save money. We would appreciate it if you use these links to support us. Thank you very much!