Trump’s GENIUS Act Won’t Knock UAE Off Crypto Throne | Crypto Work Pro
The US
handed its landmark GENIUS Act, bringing President Trump one step nearer
to his pledge of making the US the “crypto capital of the world.”
Unfortunately for Trump, no matter what his administration does, I’m
afraid these efforts might be in useless. For me, the UAE will all the time be the actual
homeland of crypto.
The act,
which Trump signed in July, is simply more crypto-positive laws from
the States and a vital half of his administration’s mission to push the US
up the DeFi podium.
TRUMP: 🇺🇸 “The Golden Age of America is upon us, with today’s signing.”
President Trumps indicators the Genius Act signaling the primary of Stablecoin laws. pic.twitter.com/JD2TtV0p9b
— CoinDesk (@CoinDesk) July 18, 2025
Stablecoin Regulations within the US
It lays out
a clear regulatory framework for stablecoins within the US, additional establishing
them within the US’s regulated capital market, and holding stablecoin issuers –
like Circle and Tether, amongst others – to stronger anti-money laundering
compliance. In reality, the transfer has already bolstered shopper and company
confidence in digital property and is even inspiring Wall Street giants to launch
their own stablecoins.
With the
world’s greatest banks getting on board with cryptocurrencies , I can see why
Trump would possibly assume his act provides the US an edge as the worldwide crypto superpower.
Unfortunately for him, this “giant” leap for crypto is only one of many
small steps the UAE took years in the past.
In reality, the
UAE has been actively encouraging crypto entrepreneurs to set up store on its
shores for years. For a begin,
its forward-thinking authorities has established crystal-clear regulatory
frameworks for crypto, pioneering how governments ought to regulate crypto
globally.
Dubai’s Virtual Asset Regulatory Authority (VARA) is exploring methods to ease the regulatory price burden for smaller crypto companies.
During Paris Blockchain Week, VARA CEO Matthew White mentioned potential options, together with a model the place bigger entities help smaller ones.
— Satoshi Club (@esatoshiclub) April 11, 2024
The Central Bank of the UAE (CBUAE) and Dubai’s Virtual Assets
Regulatory Authority (VARA) – the world’s first digital asset regulator –
present complete oversight and checks and balances on digital property,
selling transparency, shopper security, and fostering innovation in DeFi. In the UAE, crypto isn’t the Wild West – it’s a actual, reputable asset class.
Dubai Sets the Standard
The easy
reality is the UAE has been a lot faster out of the blocks on regulation, and it’s
reaping the rewards. VARA was established in 2022, and Abu Dhabi’s FSRA carried out its first crypto property regulatory framework in
2018 – that is a seven-year head begin on the US’s GENIUS Act. Does the present
US authorities actually count on to stage a crypto coup this late within the day?
Moreover,
the UAE imposes zero tax on crypto income or capital positive aspects, making it
extremely exhausting to compete with – particularly for the upper tax jurisdictions
of the EU and US. Here’s the underside line: the nation is permitting crypto
buyers and entrepreneurs to thrive, not simply survive. It actively encourages
crypto investment and trading.
UAE Introduces Retroactive VAT Exemptions for Crypto Transactions https://t.co/aaNPfOJFyO
— Bitcoin.com News (@BTCTN) October 7, 2024
Going
additional nonetheless, the UAE has additionally absolutely built-in digital property into its
national infrastructure. By 2026, we’ll see the UAE’s central bank digital
currency, the Digital Dirham, supported by all financial establishments
registered within the UAE.
And on a more shopper word, in Dubai, you’re even ready
to buy a home utilizing bitcoin – supported by CBUAE and VARA. With these newest
improvements, the UAE goes past accepting crypto – and selling
investment exercise within the space – to creating it a pillar of their financial
panorama.
A Destination for Crypto Issuers
Looking at
the entire image, it’s no marvel that the nation is the clear first-choice
vacation spot for crypto issuers and exchanges. And the place the massive crypto gamers
go, improvements observe.
OKX, the world’s second-largest crypto exchange, has
launched regulated crypto derivatives for retail buyers within the area, and
past that, there are a staggering 500-plus crypto startups working there
domestically.
These
organisations and their people have been lured to the UAE by its urge for food,
infrastructure, and proactive regulation – and who can blame them? In my
opinion, the US’s GENIUS Act merely would not offer any aggressive edge that
will usurp its throne…
At the tip
of the day, the UAE has embraced digital property in a approach that no different international
market has, making itself unchallengeable because the crypto motherland.
Bitcoin Ownership Rate
Of course,
I am unable to say I’m stunned: they’ve the best Bitcoin possession fee
globally at 27.2%, which is a staggering degree of urge for food. Considering all of the
elements above, it is no marvel the crypto world has embraced the UAE in return.
Ultimately,
the UAE is lightyears forward of different nations in its method to DeFi in each
approach. No regulatory shift in different markets goes to bridge the hole and
displace it because the world chief, and that features the US. The UAE will all the time
be the kingpin, and its crypto crown isn’t up for grabs.
The US
handed its landmark GENIUS Act, bringing President Trump one step nearer
to his pledge of making the US the “crypto capital of the world.”
Unfortunately for Trump, no matter what his administration does, I’m
afraid these efforts might be in useless. For me, the UAE will all the time be the actual
homeland of crypto.
The act,
which Trump signed in July, is simply more crypto-positive laws from
the States and a vital half of his administration’s mission to push the US
up the DeFi podium.
TRUMP: 🇺🇸 “The Golden Age of America is upon us, with today’s signing.”
President Trumps indicators the Genius Act signaling the primary of Stablecoin laws. pic.twitter.com/JD2TtV0p9b
— CoinDesk (@CoinDesk) July 18, 2025
Stablecoin Regulations within the US
It lays out
a clear regulatory framework for stablecoins within the US, additional establishing
them within the US’s regulated capital market, and holding stablecoin issuers –
like Circle and Tether, amongst others – to stronger anti-money laundering
compliance. In reality, the transfer has already bolstered shopper and company
confidence in digital property and is even inspiring Wall Street giants to launch
their own stablecoins.
With the
world’s greatest banks getting on board with cryptocurrencies , I can see why
Trump would possibly assume his act provides the US an edge as the worldwide crypto superpower.
Unfortunately for him, this “giant” leap for crypto is only one of many
small steps the UAE took years in the past.
In reality, the
UAE has been actively encouraging crypto entrepreneurs to set up store on its
shores for years. For a begin,
its forward-thinking authorities has established crystal-clear regulatory
frameworks for crypto, pioneering how governments ought to regulate crypto
globally.
Dubai’s Virtual Asset Regulatory Authority (VARA) is exploring methods to ease the regulatory price burden for smaller crypto companies.
During Paris Blockchain Week, VARA CEO Matthew White mentioned potential options, together with a model the place bigger entities help smaller ones.
— Satoshi Club (@esatoshiclub) April 11, 2024
The Central Bank of the UAE (CBUAE) and Dubai’s Virtual Assets
Regulatory Authority (VARA) – the world’s first digital asset regulator –
present complete oversight and checks and balances on digital property,
selling transparency, shopper security, and fostering innovation in DeFi. In the UAE, crypto isn’t the Wild West – it’s a actual, reputable asset class.
Dubai Sets the Standard
The easy
reality is the UAE has been a lot faster out of the blocks on regulation, and it’s
reaping the rewards. VARA was established in 2022, and Abu Dhabi’s FSRA carried out its first crypto property regulatory framework in
2018 – that is a seven-year head begin on the US’s GENIUS Act. Does the present
US authorities actually count on to stage a crypto coup this late within the day?
Moreover,
the UAE imposes zero tax on crypto income or capital positive aspects, making it
extremely exhausting to compete with – particularly for the upper tax jurisdictions
of the EU and US. Here’s the underside line: the nation is permitting crypto
buyers and entrepreneurs to thrive, not simply survive. It actively encourages
crypto investment and trading.
UAE Introduces Retroactive VAT Exemptions for Crypto Transactions https://t.co/aaNPfOJFyO
— Bitcoin.com News (@BTCTN) October 7, 2024
Going
additional nonetheless, the UAE has additionally absolutely built-in digital property into its
national infrastructure. By 2026, we’ll see the UAE’s central bank digital
currency, the Digital Dirham, supported by all financial establishments
registered within the UAE.
And on a more shopper word, in Dubai, you’re even ready
to buy a home utilizing bitcoin – supported by CBUAE and VARA. With these newest
improvements, the UAE goes past accepting crypto – and selling
investment exercise within the space – to creating it a pillar of their financial
panorama.
A Destination for Crypto Issuers
Looking at
the entire image, it’s no marvel that the nation is the clear first-choice
vacation spot for crypto issuers and exchanges. And the place the massive crypto gamers
go, improvements observe.
OKX, the world’s second-largest crypto exchange, has
launched regulated crypto derivatives for retail buyers within the area, and
past that, there are a staggering 500-plus crypto startups working there
domestically.
These
organisations and their people have been lured to the UAE by its urge for food,
infrastructure, and proactive regulation – and who can blame them? In my
opinion, the US’s GENIUS Act merely would not offer any aggressive edge that
will usurp its throne…
At the tip
of the day, the UAE has embraced digital property in a approach that no different international
market has, making itself unchallengeable because the crypto motherland.
Bitcoin Ownership Rate
Of course,
I am unable to say I’m stunned: they’ve the best Bitcoin possession fee
globally at 27.2%, which is a staggering degree of urge for food. Considering all of the
elements above, it is no marvel the crypto world has embraced the UAE in return.
Ultimately,
the UAE is lightyears forward of different nations in its method to DeFi in each
approach. No regulatory shift in different markets goes to bridge the hole and
displace it because the world chief, and that features the US. The UAE will all the time
be the kingpin, and its crypto crown isn’t up for grabs.
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