Davis Polk partner David Portilla discussed the GENIUS Act, the stablecoin bill that recently passed through the House of Representatives, with Politico.

The article notes the importance of the GENIUS Act as a regulatory framework for stablecoins, which can pave the way for Americans to see crypto as a lightning-fast way to conduct transactions instead of just a speculative investment. “The passage and enactment of stablecoin legislation will be a seminal moment not just for crypto, but for payments and for the financial system,” David said.

“‘Put up or shut up’: Landmark win in Congress to test crypto’s viability,” Politico (July 18, 2025)

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