The GENIUS Act and Stablecoins

With the signing of the GENIUS Act, the U.S. has introduced its first regulatory framework for stablecoins, redefining how digital assets function as payment instruments. In this report, Summit Trail Chief Investment Officer David Romhilt dives into what the legislation means for investors, the evolving competitive landscape in payments, and the broader implications for financial markets. David also explores whether stablecoins can drive new demand for U.S. Treasuries and how markets are already positioning for their emergence to become a major player in U.S. payment processing.