{
  "id": 16887135,
  "title": "Treasury Secretary Scott Bessent Just Called the Genius Act a \"Watershed Moment in American Finance.\" Here's What's Next for Stablecoins.",
  "url": "https://urgent.news/2026/10/28/treasury-secretary-scott-bessent-just-called-the-genius-act-a",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T10:45:00.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/28/treasury-secretary-scott-bessent-just-called-the-g/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "On October 21, Treasury Secretary Scott Bessent hailed the Genius Act as a watershed moment in American finance. As regulators finalized rules for the $298 billion stablecoin market, Bessent compared the law to President Lincoln's 1863 National Currency Act. However, the next major development for stablecoins likely lies in their integration into everyday financial products. Holding stablecoins won't generate income from their adoption, as issuers can't pay interest to holders. But owning stocks of major stablecoin issuers and distributors, such as Circle Internet Group (CRCL) and Coinbase Global (COIN), could prove profitable. AI agents paying for goods and services using stablecoins is another promising trend, with over 138 million agent-made payments processed through Coinbase's x402 protocol in October. However, these payments are still relatively small, averaging just $0.32 per transaction. The Genius Act may not have directly impacted this trend, as the necessary infrastructure existed before its passage. Ultimately, stablecoin-related crypto stocks, particularly Coinbase, present the best opportunities for investors looking to profit from the future of stablecoins.",
  "summary": "The players making the most money from stablecoins aren't cryptocurrencies, they're public companies.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}