Trump’s GENIUS Act Won’t Knock UAE Off Crypto Throne

The US accredited his milestone ingenious act and introduced President Trump a step nearer to his promise to make the US the ‘Crypto capital of the world’.

Sadly for Trump, no matter his administration, I’m afraid that these efforts can be in useless. For me, the VAE will all the time be the true house nation of Crypto.

The legislation, which Trump signed in July, is just extra crypto-positive laws of the states and a vital a part of the mission of his administration to push the US the Defi-stage.

Trump: 🇺🇸 “The Golden Age of America is coming, with the signing of at this time.”

President Trumps indicators the genius act indicating the primary of the Stablecoin laws. pic.twitter.com/jd2ttv0p9b

– Coindesk (@Coindesk) July 18, 2025

Stablecoin laws within the US

It accommodates a transparent regulatory framework for stablecoins within the US, in order that they’re additional established inside the regulated capital market of the US and retaining stablecoin-emitents-such as Circle and Tether, amongst different issues on a stronger anti-money laundry apply. The relocation has even bolstered the boldness of the patron and the corporate in digital property and is even inspiring Wall Road Giants to launch their very own stablecoins.

With the world’s largest banks that come on board with cryptocurrencies, I can see why Trump might imagine that his deed provides the US a lead as the worldwide crypto -suking energy. Sadly for him, this “gigantic” leap for Crypto is simply one of many many small steps that the VAE took years in the past.

In reality, the VAE Crypto entrepreneurs actively encourages for years to be placed on the coast. To start with, the progressive authorities has established crystal clear authorized frameworks for crypto, the place the pioneer is how governments should regulate crypto worldwide.

Dubai’s Digital Asset Regulatory Authority (VARA) investigates methods to alleviate the authorized price tax for smaller crypto firms.

Through the Blockchain week of Paris, VARA CEO Matthew White mentioned potential options, together with a mannequin by which bigger entities assist smaller.

– Satoshi Membership (@esatoshiclub) 11 April 2024

The central financial institution of the VAE (CBUAE) and Dubai’s Digital Belongings Regulatory Authority (VARA) – The world’s first digital property regulator – provide intensive supervision and controls and balances on digital property, selling transparency, client safety and selling innovation. Within the VAE Crypto isn’t the Wild West – it’s a actual, reliable activa class.

Dubai units De Standaard

The easy reality is that the VAE has been out of the blocks of the laws a lot quicker and it picks the rewards. VARA was based in 2022 and the FSRA of Abu Dhabi carried out his first crypto-assistment framework in 2018-Dat is a seven-year lead over the Genius Act of the US. Does the present US authorities actually anticipate a crypto -state grip so late within the day?

As well as, the VAE imposes zero tax on crypto revenue or capital wins, making it extremely tough to compete with – particularly for the upper tax areas of the EU and the US. Right here is the Backside Line: the nation makes Crypto buyers and entrepreneurs thrive, not simply survive. It actively stimulates crypto investments and commerce.

VAE introduces retroactive VAT -exemptions for crypto -transactions https://t.co/aanpfojfyo

– Bitcoin.com Information (@BTCTN) October 7, 2024

Moreover, the VAE additionally has totally built-in digital property in its nationwide infrastructure. By 2026 we are going to see the digital forex of the VAEs Central Financial institution, the Digital Dirham, supported by all monetary establishments registered within the VAE.

And on a extra client observe, in Dubai you’ll be able to even purchase a home with Bitcoin – supported by CBUAE and VARA. With these newest improvements, the VAE goes past the acceptance of crypto – and selling funding exercise in area – to make it a pillar of their financial panorama.

A vacation spot for Crypto -Omitents

Trying on the complete image, it’s no surprise that the nation is the clear vacation spot for the primary alternative for crypto-emensents and exchanges. And the place the large crypto gamers go, improvements observe.

OKX, the world’s second largest crypto alternate, has launched regulated crypto-derivatives for retail buyers within the area, and there aren’t any fewer than 500 Plus Crypto-Startups that work there in their very own nation.

https://www.youtube.com/watch?v=2U3GHNN59TC

These organizations and their folks have been lured to the VAE by its urge for food, infrastructure and proactive laws – and who can blame them? For my part, the genius act of the US merely doesn’t provide a aggressive benefit that can take over his throne …

On the finish of the day, the VAE have embraced digital property in a approach that has no different international market, making it indeniable because the crypto -milderland.

Bitcoin -S

After all I can not say that I’m shocked: they’ve the very best Bitcoin -possession of the possession of 27.2percentworldwide, which is a shocking degree of urge for food. Given all of the above components, it’s no surprise that the crypto world De Vae has embraced in alternate.

In the end, the VAE Lichtars lies forward of different international locations in its method to Defi in each potential approach. No authorized shift in different markets will bridge and transfer the hole because the world chief, and that features the US. The VAE will all the time be the Kingpin and the crypto crown isn’t for grabbing.