US Passes Landmark Crypto Legislation: Key Implications for Investors and Entrepreneurs in Oman
US Enacts Landmark Cryptocurrency Legislation: The Genesis Act
The United States has enacted its first significant nationwide cryptocurrency legislation, known as the Genesis Act, marking a pivotal shift in Washington’s approach to digital assets.
Endorsed by President Trump, this bill signifies a major milestone for the cryptocurrency sector and has initiated what the global financial advisory firm deVere Group describes as a full-scale global digital arms race.
In light of this development, deVere has reaffirmed its prediction that Bitcoin will reach $150,000 by the end of 2025. The firm cites the legislation as a critical turning point in monetary and technological policy that will accelerate adoption, capital flows, and international competition.
“This changes everything,” stated Nigel Green, CEO of deVere Group. “For the first time, the US government is not merely ‘tolerating’ cryptocurrency—it is formalizing it. The world’s largest economy is establishing the legal framework for digital assets to flourish.”
Green emphasized that the Genesis Act sends a clear message to both markets and other nations: adapt or risk falling behind.
The legislation mandates that stablecoins—cryptocurrencies intended to maintain a stable value against the US dollar or other fiat currencies—be fully backed by reserves, such as dollars or other low-risk assets. This regulatory clarity aims to provide assurance to the issuers and users of digital currencies, paving the way for the sector to become more integrated into mainstream commerce and financial systems.
The ramifications of this legislation extend beyond just stablecoins. “While the bill emphasizes regulatory clarity for stablecoins, the overarching message is that digital assets are now integral to the future of money. As confidence and capital flow into this ecosystem, Bitcoin stands to benefit the most, establishing itself as the global reserve asset of this new era,” Green noted.
This move also reflects a significant shift in Donald Trump’s perspective. Once a vocal critic of Bitcoin, he has now embraced the cryptocurrency as political support and industry influence have increased. “This is beyond mere political opportunism; it’s strategic positioning. Digital assets are now central to economic power, and this legislation represents America staking its claim,” Green asserted.
Global adoption of cryptocurrency is already on the rise, with over 500 million individuals using digital currencies in 2025, a number expected to surpass 600 million by year-end. Inflows into US Bitcoin ETFs have exceeded $17 billion this quarter, with institutional investors increasingly looking to incorporate cryptocurrencies into their portfolios.
“Institutions have been eagerly awaiting regulatory clarity,” Green observed. “This moment signifies that the regulatory fog is lifting, paving the way for large-scale capital participation. We are now entering a new phase of adoption.”
Furthermore, the Genesis Act places pressure on other global financial hubs to act. As the US integrates digital assets into its legal and financial systems, regions such as Europe and Asia must either expedite their frameworks or risk being marginalized. “This will trigger a chain reaction,” Green explained. “No government wants to relinquish financial innovation or influence to another.”
deVere’s reaffirmed $150,000 Bitcoin forecast is based not only on regulatory developments but also on market mechanics: a limited supply, rising institutional demand, and the increasing integration of cryptocurrencies into banking, payments, and national policy.
“There will only ever be 21 million Bitcoins,” Green added. “At a time when demand is skyrocketing and credibility is solidifying, the supply-demand equation is straightforward. That’s why $150,000 is not just possible—it’s becoming increasingly probable.”
He concluded, “This US legislation has amplified the global dialogue on cryptocurrency, and for investors, the countdown has officially begun.”
Special Analysis by Omanet | Navigate Oman’s Market
The passage of the Genesis Act in the US marks a transformative shift in the digital assets landscape, prompting significant opportunities for businesses in Oman to explore blockchain and cryptocurrency markets effectively. With global institutions poised to increase their investments, Omani entrepreneurs should strategically align with emerging trends in digital assets to remain competitive, while also being mindful of potential regulatory challenges ahead. As compliance and innovation accelerate, savvy investors should consider diversifying portfolios to capitalize on the anticipated rise in Bitcoin and other cryptocurrencies.
